On January 1, 2017, Smart Corporation Issues 10,000 Shares of $5

question 110

Essay

On January 1, 2017, Smart Corporation issues 10,000 shares of $5 par restricted stock to an executive. The market value of unrestricted shares of the same stock on the date of issue is $25 and there is a four-year vesting period. On January 1, 2018, the executive leaves and forfeits the restricted stock award. Record the journal entries for the issuance of the restricted shares, compensation expense for the first year, and forfeiture of the restricted stock.

Identify the legislative basis and authority for creating and controlling administrative agencies.

Understand the circumstances under which administrative agencies can conduct searches without warrants.

Comprehend the conditions that permit closed meetings within federal administrative agencies.

Identify the procedures and obligations of administrative agencies in rulemaking, including handling objections.

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Definitions:

Fantasies

Imaginative thoughts, scenarios, or desires that are not based in reality, often serving as a mental escape or creative outlet.

Menopause

The cessation of menstruation and of the production of ova; it is usually a gradual process lasting up to several years.

Menstruation

A monthly process in which the lining of the uterus is shed, leading to bleeding through the vagina, part of the female reproductive cycle.

Ova

The female reproductive cells or eggs in animals and plants, capable of developing into a new organism upon fertilization.