User Account

All Pages

Prepare the journal entries to record the restricted stock

Assignment Help Accounting Basics
Reference no: EM133153153

Question - Oriole Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $565,000 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, 2024. The par value of the stock is $10. At December 31, 2020, the fair value of the stock is $521,000.

(a) Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021.

(b) On July 25, 2024, Tokar leaves the company. Prepare the journal entry to account for this forfeiture.

Reference no: EM133153153

Questions Cloud

Conversion strategy for new accounts receivable system : You are asked to recommend a conversion strategy for a new accounts receivable system. The system will be used only by the controller's office.
What are the net operating cash flows in years : The firm's marginal federal-plus-state tax rate is 40%. What are the net operating cash flows in years 1, 2, and 3
What is no longer adding value to the consumer : What is no longer adding value to the consumer when right sizing or down sizing is involved, that becomes the starting point of reorganizing work and moving peo
Find one theory-model-mechanism or framework : Post ONE theory name on the discussion board as you choose it so the others cannot use it.
Prepare the journal entries to record the restricted stock : Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021
Possible influence of sustainability practices : The possible influence of sustainability practices on Facebook/Meta financial performances
What is the current leadership of amazon : What is the current leadership of Amazon and how has that leadership evolved over time.
Process of starting your own business : Scenario Imagine you are in the process of starting your own business. You have some savings of your own and you also have family that will help with financin
What irc section code does this refer to : Brian loaned $20,000 to his co-worker to begin a new business several years ago. What IRC Section code does this refer to

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