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Homework answers / question archive / On January? 1, 2017, Cora Inc
On January? 1, 2017, Cora Inc. issues 90 shares of $5 par restricted stock to its key executives. The market value of unrestricted shares of the same stock on the date of issue is $21 and there is a four year vesting period. What is the amount of compensation expense recorded on December 31, 2017?
Computation of Amount of Compensation Expense recorded on December 31, 2017:
Amount of Compensation Expenses = Number of Restricted Stock, Shares Issued * Market Value of a Share as on Date
= 90 shares * $21
= $1,890
So, Amount of Compensation Expense recorded on December 31, 2017 is $1,890.
