Derrick company issues 4790 shares of restricted stock to

Assignment Help Accounting Basics
Reference no: EM13577610

Derrick Company issues 4,790 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2012. The stock has a fair value of $121,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $3. At December 31, 2013, the fair value of the stock is $153,200.

(a) Prepare the journal entries to record the restricted stock on January 1, 2012 (the date of grant), and December 31, 2013.

(b) On March 4, 2014, Yaping leaves the company. Prepare the journal entry (if any) to account for this forfeiture

Reference no: EM13577610

Questions Cloud

Based on past experience they believe that they have a 07 : the advertising firm of mcmann and tate has put out bids for two separate contracts. based on past experience they
Kunkel company makes two products and uses a conventional : kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined
A life insurance company wants to estimate their annual : question 1 a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. what is the
Performance products corporation makes two products : performance products corporation makes two products titanium rims and posts. data regarding the two products follow
Derrick company issues 4790 shares of restricted stock to : derrick company issues 4790 shares of restricted stock to its cfo dane yaping on january 1 2012. the stock has a fair
Santa fe company purchased merchandise for resale from mesa : santa fe company purchased merchandise for resale from mesa company with an invoice price of 19700 and credit terms of
The probability that a person living in a certain city : the probability that a person living in a certain city owns a dog is estimated to be 0.3. find the probability that
In a partially destroyed laboratory record of an analysis : in a partially destroyed laboratory record of an analysis of correlation data the following results are legible
Assume you recently accepted a job with a company that : assume you recently accepted a job with a company that designs and builds helicopters for commercial and military use.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is randolph basis in the distributed inventory

Randolph's basis in RD is $37,000. What is Randolph's basis in the distributed inventory and land?

  Case study of brandywine homecare

Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million.

  A company is considering purchasing a machine for 21000

a company is considering purchasing a machine for 21000. the machine will generate an after-tax net income of 2000 per

  What is dell strategy for success in the marketplace

what is Dell's strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value.

  He 525 percent preferred stock of icy mobile is currently

he 5.25 percent preferred stock of icy mobile is currently selling for 60.50 per share. if the par value is 100 what is

  Dividends per share for preferred and common stock

Determine the dividends per share for preferred and common stock for each year. Round all answers to nearest whole cent. If an answer is zero, enter '0'

  Whats the gain or loss on the redemption

Face rate is 10 % and maeket rate 12%. What's the carrying value after the first interest payment is made on June 30? Also, if the bonds are retired on July 4, at a call price of 105, what's the gain or loss on the redemption?

  Determine the cost recovery deduction

Determine the cost recovery deduction for 2012 for these assets.

  Annual ammortization of goodwill for acquisition

Short Corporation purchased Hathaway, Inc. for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual..

  Describe an alternative income-statement format that would

alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical

  Differences between net income and cash flow come

1. which of the following is not a financial market?a. bond marketb. a market in which small business owners buy and

  Enzyme-linked immunosorbent assay elisa is the most common

enzyme-linked immunosorbent assay elisa is the most common type of screening test for detecting the hiv virus. a

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd