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Prepare Blossom journal entries for January

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Reference no: EM132449902

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.

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

Reference no: EM132449902

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