User Account

All Pages

Determine the total compensation cost

Assignment Help Accounting Basics
Reference no: EM133151618

Question - 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 17 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 $12.00 per share on the grant date. Management's policy is to estimate forfeltures.

Required -

1. Determine the total compensation cost pertaining to the RSUs.

2. Prepare the appropriate journal entry to record the RSUs on January 1, 2021.

3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021.

4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost.

Reference no: EM133151618

Questions Cloud

Mobile operating systems : Company One wants an overview of the website activity of its users. Provide insights on CompanyOne's audience for the third quarter in 2021 (3Q2021). Describe i
What happens when fraud occurs : What happens when fraud occurs, who is at fault the auditors or the company, maybe both? How can a business guard against fraud
Customer call log worksheet : Go to the Call Type by Rep worksheet. Tiana wants to compare the call data by type for each service rep. In cell A3, insert a PivotTable based on the Calls tabl
Differences between financial and managerial accounting : Discuss what Susan should know about managerial accounting. Explain the similarities and differences between financial and managerial accounting.
Determine the total compensation cost : The common shares have a market price of $12.00 per share on grant date. Management's policy is to estimate forfeltures. Determine the total compensation cost
Judgement in measuring costs reflection : Much of cost accounting requires individuals to use their own judgment.
Prepare the journal entries for June and August : The selling price was $10,000 and the cost to build the furniture was $2,800. Prepare the journal entries for June 1st and August 1st
Determine the ending inventory and cost of goods sold : Determine the ending inventory and cost of goods sold for Noor Company under the following cost flow assumptions: a. FIFO b. LIFO c. Average cost
Difference between primary and secondary customers : 1. Describe the difference between primary and secondary customers?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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