Determine the compensation expense recognized on january

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Question - On January 1, 2013, Nineteen Company awarded 12 million shares of its $1 par value common stock to employees, subject to forfeiture if employment is terminated within three years. Management estimates a forfeiture rate of 10%. On the grant date, the shares have a market price of $8 per share.

1. Determine the compensation expense recognized on January 1, 2013.

2. Determine the compensation expense recognized on December 31, 2013.

3. Determine the additional paid-in capital recognized when the common shares are distributed on December 31, 2015.

Reference no: EM131632967

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