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Accounting

On January 1, 2009, Jeans-R-Us Comapny awarded 15million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within 3 years. On the date of the grant, the stock had a market price of $ 3 per share.

Required:

(1) Determine the total compensation cost pertaining to the restricted share.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9418509

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