The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2013, which vest in four years. The fair value of the shares is $14. No forfeitures are anticipated. Ignore taxes. You must show your work for credit. 1. Determine the total compensation cost pertaining to the restricted stock
2. Prepare the appropriate journal entry (if any) to record the award of restricted stock on January 1, 20133.
3. Prepare the appropriate journal entry (if any) to record compensation expense on December 31, 2013.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.