Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Magnetic-Optical Corporation offer a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company on Jan 1, 2011granted 4 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within 3 years. The common shares have a market price of $22.50 per share on the grant date.
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 Jan 1, 2011
3. Prepare the appropriate journal entry to record compensation expense on Dec. 31, 2011
4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the restricted shares prior to vesting. Determine the total compensation cost.
Prepare the journal entry for American Food Services at the commencement of the lease on January 1, 2013.
The agreement provided that Mock and Tuhi owned the ticket in equal shares. Mock cashed in the ticket, and gave $500,000 to Tuhi. Who owes income tax on the winnings? Did Mock make a gift to Tuhi?
Assume that the following data relative to Kane Company for 2010 is available: Net Income $2,100,000. Compute the basic earnings per share for 2010
If pension expense recognized in a period exceeds the current amount funded by the employer, what kind of account arises, and how should it be reported in the financial statements?
In 1996, key executives of HealthSouth, one of the nation's largest providers of health care services, began a massive fraud that eventually amounted.
S. Lee Enterprises uses operations costing and assigns conversion costs based on the number of units assembled. Compute cost of each model assembled in November
fouch company makes 30000 units per year of a part it uses in the products it manufactures. the unit product cost of
Zoo Company manufactures a product that passes two departments, Assembly and Finishing. Prepare a cost of production report using the weighted average method
What is the pension expense for 2018? What is the balance of Plan Assets and of the PBO at December 31, 2018?
The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are:
When Yuji died in March 2013, his gross estate was valued at $8 million. What was the amount of Yuji's taxable estate? Provide two possible answers
When a parent company that records its investment using the cost method during a fiscal year sells a portion of its investment, explain the correct accounting for any difference between selling price and recorded value.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd