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Lebron Corp issues 5,000 restricted shares to upper level executives on 1st January, 2013 (Date of Grant). The shares have a fair value of $240,000 on 1st January, 2013. The service period related to these restricted shares is 3 years. Vesting occurs if the upper level executives stay with Lebron Corp for 3 years. The par value of shares is $3 per share. At 31st December, 2014 the fair value of the shares is $270,000. Create the journal entries necessary in 2013 and 2014 for restricted shares.
'Commentators on financial reporting practices argue that financial statements produced under the historic cost convention do not provide relevant information to users of those statements in times of rising prices.'
multiple choice questions based on share valuation.1.nbspuse the following information to answer this questionnagen
question as of the fiscal year ending 30th september 2013 crystal beach had 10000000 in 5 serial bonds outstanding. the
How would your answers to Parts a and b change if Beta, Chi, and Delta own 4%, 4%, and 92%, respectively, of the partnership? What tax year(s) can the partnership elect without IRS permission?
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The Financial Statements (unaudited) for the year ended 30 th June 2010 that you have been given indicate the subsequent (previous year figures are in brackets)
Ables Enterprises has an investment proposed by a division manager. Here are the estimates from the proposal: 1. The required investment for the project is $1,500. 2. The investment will result in two years of cash inflows of $1,000 each, assumed a..
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