Stock is forfeited if executives do not complete three year

Assignment Help Financial Accounting

Reference no: EM131356770

On January 1, 2014 (the date of grant), Lutz Corporation issues 2,570 shares of restricted stock to its executives. The fair value of these shares is $126,300, and their par value is $10,500. The stock is forfeited if the executives do not complete 3 years of employment with the company.

Prepare journal entries for January 1, 2014, and on December 31, 2014, assuming the service period is 3 years.

Reference no: EM131356770

Questions Cloud

Compute diluted earnings per share : On January 1, 2014, Crocker Company issued 10-year, $3,087,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 22 shares of Crocker common stock. Crocker’s net income in 2014 was $338,000, and its tax rate was 45%. The company had ..

Prepare a ten pages report that include a project history : Prepare an 8-10-page report in Word. This report should include a project history of your recent Trillo Apparel Company District 4 Production Warehouse Move experience over the last five weeks.

Does it matter if the copy is paper or electronic : In terms of effectiveness and efficiency of operations, as well as of meeting the generic Information System control goals of validity, completeness, and accuracy, what are the arguments for and against each of the following?

Do you agree with given thinking or not : "If the results of the cost/benefit analysis do not agree with those of the effectiveness analysis, there is probably no difference among the alternatives." Do you agree with this thinking? Why or why not?

Stock is forfeited if executives do not complete three year : On January 1, 2014 (the date of grant), Lutz Corporation issues 2,570 shares of restricted stock to its executives. The fair value of these shares is $126,300, and their par value is $10,500. The stock is forfeited if the executives do not complete 3..

What methods and institutions did the persians use : What methods and institutions did the Persians use to amass and maintain their Empire?

Discuss the relative advantages of the interview : Discuss the relative advantages of the interview, the transaction review (walkthrough), the observation, the internal literature review, and the database and files review as they might apply to each of the given situations that might occur during ..

What might have happened in england : England underwent a period of instability and crises both at home and in the colonies during the 1700s. What might have happened in England and her North American colonies had the Glorious Revolution not taken place?

Balance after the recording of each transaction : The accounting equation does not have to be in balance after the recording of each transaction. Reporting revenues on the income statement that were previously reported as unearned revenues on the balance sheet results in a decrease in liabilities an..

User Account

All Pages