User Account

All Pages

Prepare appropriate journal entry to record the award

Assignment Help Accounting Basics
Reference no: EM131782345

Question - On January 1, 2009, Jeans-R-Us Company awarded 15 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within 3 years. On the date of the grant, the stock had market price of $3 per share.

Required:

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

2. Prepare the appropriate journal entry to record the award on January 1, 2009.

3. Prepare the appropriate journal entry to record compensation expense on December 31, 2009.

4. Prepare the appropriate journal entry to record compensation expense on December 31, 2010.

5. Prepare the appropriate journal entry to record compensation expense on December 31, 2011.

6. Prepare the appropriate journal entry to record the lifting of restrictions on December 31, 2011.

Reference no: EM131782345

Questions Cloud

Good credit rating and can afford monthly payments : If you have a good credit rating and can afford monthly payments of $549?, how much can you borrow from? E-Loan? What is the total interest you will pay.
Obtain a mathematical model for the mems : Obtain a mathematical model for the MEMS sketched in Figure to connect the input voltage to the output mechanical motion x.
Would you trade benefits for higher pay : Would you trade benefits for higher pay? If so, how much more would you have to make? If not, which benefit(s) would you have to keep and why?
What is the estimated purchase price of home in five years : What is the estimated purchase price of the home in 5 years? How much would need to be saved for the down payment?
Prepare appropriate journal entry to record the award : On the date of the grant, the stock had market price of $3 per share. Determine the total compensation cost pertaining to the restricted shares
Show that plotted against a quarter circle : Show that Tn/Td plotted against ? is a quarter circle where Td is the damped natural period, and Tn is the undamped natural period.
What are her monthly? payments : The annual interest rate is 9.27?%. How much interest will she? pay? What are her monthly? payments?
Describe your company an its monopolistic state : Describe your company an it's monopolistic state. Describe what the Sherman Act will do to stop you, be specific.
Identify an element of the hernandez familys case : Identify an element of the Hernandez family's case that may influence the way Juan and Elena Hernandez address their issue with the social worker.

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