Solved: On january 1 2017 blossom corporation granted 1800 shares, Accounting Basics

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On january 1 2017 blossom corporation granted 1800 shares

Question - On January 1, 2017, Blossom Corporation granted 1,800 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $64 per share on the date of grant. The period of benefit is 2 years.

Required - Prepare Blossom's journal entries for January 1, 2017, and December 31, 2017 and 2018.

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Accounting Basics: On january 1 2017 blossom corporation granted 1800 shares

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Accounting Basics: On january 1 2017 blossom corporation granted 1800 shares

Reference No:- TGS02373677

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