Business, 23.04.2020 03:33, Mistytrotter

PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $5 per share on January 1, 2020, the grant date. Required: 1. What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2020 and December 31, 2021

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PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if emp...