Stein & Sons Entity granted 50,000 shares to 5 of its key employees (10,000 shares each) on June 1, 20X7. This action was approved by the board of directors on July 31, 20X6. The fair value of the shares were $50 and $52 respectively. The shares vest over three years and the company expects that one employee will likely leave before the shares vest. What is the journal entry to record this share-based compensation on December 31, 20X6? July 31,

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The Answer of Stein & Sons Entity granted 50,000 shares to 5 of its key employees (10,000 shares each) on June 1, 20X7. This action was approved by the board of directors on July 31, 20X6. The fair value of the shares were $50 and $52 respectively. The shares vest over three years and the company expects that one employee will likely leave before the shares vest. What is the journal entry to record this share-based compensation on December 31, 20X6? July 31,

Stein & Sons Entity Granted 50,000 Shares to 5 of Its