If Restricted Stock Is Forfeited Because an Employee Leaves the Company

question 228

Multiple Choice

If restricted stock is forfeited because an employee leaves the company, the appropriate accounting procedure is to:

• A) Reverse related entries previously made.
• B) Do nothing.
• C) Prepare correcting entries.
• D) Record an income item.

---

Definitions:

Optometrist

A healthcare professional who provides primary vision care, diagnoses, treats, and manages changes in vision.

Ophthalmology

A branch of medicine dealing with the anatomy, physiology, and diseases of the eye.

Trichiasis

An eye condition where eyelashes grow inward, touching the eyeball and potentially causing discomfort or damage.

Trich

Short for Trichomoniasis, a sexually transmitted infection caused by the parasite Trichomonas vaginalis.