Reference no: EM132772083
Question - On January 1, 2018, Kingbird Property Management Inc. introduced a stock-based compensation plan for its senior executives. The company has a December 31, 2018 year-end and the following events occurred:
January 1, 2018 - The company issued 315,000 options to senior management executives for the purchase of shares at $9 / share. The fair value of the options using an options pricing model is $2,520,000. Options vest over a three-year period and it is estimated that 90% of the options will vest. At the end of 2021, any unexercised options will expire.
December 31, 2018 - Management now estimates that 85% of the options will vest.
December 31, 2019 - Management now estimates that 80% of the options will vest.
January 1, 2021 - 105,000 options are exercised when the market price is $15 / share.
Required - Record the journal entries associated with the above transactions including any necessary entry at December 31, 2021.
Prepare the journal entries to record previous transactions
: Prepare the journal entries to record the previous transactions occurred during December 2018 and January 2019
|
How much revenue would Bryant recognize
: Bryant Magazine Company's fiscal year ends December 31. How much revenue would Bryant recognize from this amount for the current year
|
Make a journal entry for the transaction
: Share capital - ordinary $ 40 par value (100,000 shares authorized, 65,000 shares issued and outstanding) $2,600,000. Make journal entry for the transactions
|
What is the amount of gross profit earned by Love Co
: Kind Co. paid the invoice within the discount period. What is the amount of gross profit earned by Love Co. on the above transactions
|
Record the journal entries associated with the transactions
: January 1, 2021 - 105,000 options are exercised when the market price is $15 / share. Record the journal entries associated with the transactions
|
Compare different relational databases
: Outline how distributed database technology (e.g. Blockchain) differs from traditional databases like Microsoft Access. Compare different relational databases
|
Compute the Federal income tax liability for Valerio Trust
: Compute the Federal income tax liability for the Valerio Trust by providing the following amounts: The amount of the fiduciary's gross income taxed at 20%
|
Prepare the journal entries for the independent transactions
: On May 31, 2022, Bridgeport Landscaping's common shares were trading for $15, Prepare the journal entries for the independent transactions
|
Estimated taxable income for Judy and Walter
: They provided you a 1099-INT which reported $4,500 in interest, of which $500 was savings bond interest. Estimated taxable income for Judy and Walter
|