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Sagot :
Answer and Explanation:
The computation and journal entries are shown below:
1.. The total compensation cost is
= 15 million × $3 per share
= $45 million
2.
On Jan 1
Deferred compensation expense $45 million
To Common Stock $15 million
To Additional paid in capital $30 million
(Being expense is recorded)
3.
On Dec 31
Compensation expense ($45 ÷ 3) $15 million
To Deferred compensation expense $15 million
(Being expense is recorded)
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