User Account

All Pages

Prepare the journal entries to record the restricted stock

Assignment Help Financial Accounting
Reference no: EM132488370

Oriole Company issues 11,100 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $555,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $355,000.

Question (a) Prepare the journal entries to record the restricted stock on January 1, 2017 (the date of grant), and December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Question (b) On July 25, 2021, Tokar leaves the company. Prepare the journal entry to account for this forfeiture. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132488370

Questions Cloud

What impact does the purchase of treasury stock have : What impact does the sale of treasury stock for an amount higher than the purchase price have on the statement of cash flows
Calculate the percentage return the shareholder has achieved : Determine and Calculate the share price in 2019. Calculate the percentage return the shareholder has achieved between 2018 and 2019.
List the earnings per share data : Assuming a 50% tax rate, LIST the earnings per share data that should appear on the financial statements of Pronghorn Industries as of December 31, 2017.
Brief summary and analysis of the journal articles : Brief summary and analysis of the journal articles reviewed. The type of articles you will need to find is researcharticles located in scholarly journals.
Prepare the journal entries to record the restricted stock : Prepare the journal entry to account for this forfeiture. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Prepare the entry to record the issuance of the bonds : Prepare the entry to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered)
What accumulated depreciations represents : If you have a fixed asset on books that has a book value of $100,000 and accumulated depreciation of $500,00 how much the asset originally cost?
Analyse network traffic to identify potential vulnerabilitie : Evaluate and justify the use of cryptographic tools and techniques in an application context and Critically analyse network traffic to identify potential
Compute annual depreciation for the first and second years : Compute annual depreciation for the first and second years using the straight-line method. (Round answers to 0 decimal places, e.g. 125.)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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