Yorba Linda Co. awarded its CFO 2000 shares of restricted stock when the fair value...
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Yorba Linda Co. awarded its CFO 2000 shares of restricted stock when the fair value per share was $25. The service period for that stock grant was 10 years. The CFO left the company during Year 7 of the service period, after the company has recorded the compensation expense for the prior years. In the entry recorded to terminate (i.e., cancel) the restricted stock grant, the Unearned Compensation account will be credited for $
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