Determine the net compensation cost

Reference no: EM13129296

On January 1, 2006, VKI Corporation awarded 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. On the grant date, the shares have a market price of $2.50 per share.

Required:

1. Determine the total compensation cost pertaining to the restricted shares.

2. Prepare the appropriate journal entry to record the award of restricted shares on January 1, 2006.

3. Prepare the appropriate journal entry to record compensation expense on December 31, 2006.

4. Prepare the appropriate journal entry to record compensation expense on December 31, 2007.

5. Prepare the appropriate journal entry to record compensation expense on December 31, 2008.

6. Prepare the appropriate journal entry to record the lifting of restrictions on the shares at December 31, 2008.

Reference no: EM13129296

Questions Cloud

What tempreture must moles of water vapor be heated : what tempreture must 0.040 moles of water vapor be heated in a 500ml flask before the pressure in the flask becomes 2 atm.

Integration of vector fields : Evaluate {double integral over region R} [F(dot)n dA] where F= x(ihat)+y(jhat)+(1-x^2-y^2)(khat) and n = 2x(i)+2y(j)+k and R is the disk x^2+y^2

Show the energy level of electrons in atoms : Energy level of electrons in atoms - The 3s level in hydrogen has a lower energy than the3d level in hydrogen.

The component of structure responsible for holding : The component of structure responsible for holding the 4 chains of hemoglobin together is a. primary

Determine the net compensation cost : 1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entry to record the award of restricted shares on January 1, 2006.

Interpretation of double integrals : Let R represent a county in the northern part of the united states, and let S(x,y) represent the annual snowfall at the point (x,y)in R. Give the interpretation of:

Find probability of guessing exactly three answers correctly : Find the probability of guessing (a) exactly three answers correctly, (b) at least three answers correctly, and (c) less than three answers correctly.

Important information about differential equation problem : Check that N(t) = t/(1 +ct) is a solution of the differential equation dN/dt = N^2/t^2. Treat c as an unspecified constant.

Crystal field theory - high spin and low-spin complexes : Write a structural formula for two different isomers of [Co(H2O)2(en)2]Cl2. Indicate the oxidation state of the Co in each case.

User Account

All Pages