Question

On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSUs) representing 27.3 million of its...

On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSUs) representing 27.3 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.8 per share.

Required:
1. Determine the total compensation cost pertaining to the RSUs.
2. to 6. Prepare the appropriate journal entries.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 19 million of...
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 19 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $5.10 per share. Required: 1. Determine the total compensation cost pertaining to the RSUs. 2. Prepare the appropriate journal...
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 14 million of...
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 14 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.30 per share. Required: 1. Determine the total compensation cost pertaining to the RSUs. 2. Prepare the appropriate journal...
On January 1, 2021, M.T. Toombe Mausoleum granted restricted stock units (RSUs) representing 60 million of...
On January 1, 2021, M.T. Toombe Mausoleum granted restricted stock units (RSUs) representing 60 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of grant, Toombe anticipated that 5% of the recipients would leave the firm...
On January 1, 2018, Liberty Company granted restricted stock units (RSUs) representing 40 million of its...
On January 1, 2018, Liberty Company granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives. The RSUs are subject to forfeiture if employment is terminated within four years. The company will distribute the shares after the recipients of the RSUs satisfy the vesting requirement. The common shares had a market price of $10 per share on the grant date. At the date of grant, Liberty anticipated that 5% of the recipients would leave...
Company A granted restricted stock units (RSUs) representing 14 million of its $1 par common shares...
Company A granted restricted stock units (RSUs) representing 14 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within 4 years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $20 per share on the grant date. Ignoring taxes, what is the decrease in earnings in the year after the RSUs are granted to executives? Round to the...
On January 1, 2018, David Mest Communications granted restricted stock units (RSUs) representing 25 million of...
On January 1, 2018, David Mest Communications granted restricted stock units (RSUs) representing 25 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $18 per share on the grant date. At the date of grant, Mest anticipated that 5% of the recipients would leave the firm...
On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 20 million of...
On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 20 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of grant, Mest anticipated that 6% of the recipients would leave the firm...
On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 40 million of...
On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of the grant, Mest anticipated that 6% of the recipients would leave the...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units (RSUs) representing 19 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $6.00 per share on the grant date. Management’s policy is to estimate forfeitures.    Required: 1. Determine the...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units (RSUs) representing 24 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $4.50 per share on the grant date. Management’s policy is to estimate forfeitures. Required: 1. Determine the total...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT