On january 1 2013 vki corporation awarded 12 million of its

Reference no: EM13481533

On January 1, 2013, 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, 2013.
3. Prepare the appropriate journal entry to record compensation expense on December 31, 2013.
4. Prepare the appropriate journal entry to record compensation expense on December 31, 2014.
5. Prepare the appropriate journal entry to record compensation expense on December 31, 2015.
6. Prepare the appropriate journal entry to record the lifting of restrictions on the shares at December 31, 2015.

Reference no: EM13481533

Questions Cloud

Determine the following measures for the fiscal years ended : the financial statements for nike inc. are available at the appendix b link above. the following additional information

On october 10 tridant inc purchased 5000 desks at an : 1. on october 10 tridant inc. purchased 5000desks at an invoice price of 300 each and paid for them on october20

The veggie-buffet restaurant is a downtown expensive : the veggie-buffet restaurant is a downtown expensive buffet-only restaurant that specializes in trendy vegetarian

If inventories are sold and not replaced thus reducing the : llyod inc. has sales of 200000 a net income of 15000 and the following balance sheetcash 10000 accounts payable

On january 1 2013 vki corporation awarded 12 million of its : on january 1 2013 vki corporation awarded 12 million of its 1 par common shares to key personnel subject to forfeiture

Possibility of bad debts on accounts receivable has not : following balance sheet of ms combined industries relates to the year ended december 31 2000.assetrsliabilities and

Compute the current break-even point in units and compare : alice shoemaker is the advertising manager for value shoe store. she is currently working on a major promotional

Geox company produces and sells a specialized software : geox company produces and sells a specialized software package used by valuation analysts throughout the world. the

Prepare a partial balance sheet for santana at december 31 : on december 31 2014 santana company has 7194600 of short-term debt in the form of notes payable to golden state bank

User Account

All Pages