Reference no: EM131251039
On January 1, 2013, VKI Corporation awarded 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. On the grant date, the shares have a market price of $2.50 per share.
Required:
1. Determine the total compensation cost pertaining to the restricted shares. (Enter your answer in millions.)
2. Prepare the appropriate journal entries. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
1. Record the award of restricted shares on January 1, 2013.
2. Record compensation expense on December 31, 2013.
3. Record compensation expense on December 31, 2014.
4. Record compensation expense on December 31, 2015.
5. Record the lifting of restrictions on the shares at December 31, 2015.
|
Provides variety of share-based compensation plans
: American Optical Corporation provides a variety of share-based compensation plans to its employees. Under its executive stock option plan, the company granted options on January 1, 2013, that permit executives to acquire 4 million of the company’s $1..
|
|
How does your biggest impact align with the research
: How does your biggest impact align with the research? Who are the major proponents (theorists past or current) of your chosen dynamic and how did they reach these conclusions
|
|
What is the general effect of dehydration on the body
: Research information about one of the following: osteoporosis, anemia or iodine deficiency disorders. For your selection, indicate symptoms, required minerals and food sources, people or areas affected, and how the disease is managed or treated. W..
|
|
What is the nash equilibrium in this game
: What is the Nash equilibrium in this game? Is this game an example of the prisoners' dilemma?
|
|
Total compensation cost pertaining to the restricted shares
: On January 1, 2013, VKI Corporation awarded 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. On the grant date, the shares have a market price of $2.50 per share. Determine..
|
|
Rebuild the supply chain program
: The CIO would like to understand how the conceptual cloud model fits in with the on-premise model and whether a service-oriented architecture (SOA) approach could be used to rebuild the supply chain program.
|
|
Explain what impact external influences have on culture
: Imagine your team has been informed that there has been a change in a regulation, process, or a program. Your team is responsible for determining the impact of this change and its effect on the company.
|
|
Describe the future of organizational behavior
: Using the company selected in Week One, describe the support it provides its employees for continuing education. Describe the future of organizational behavior. Based on the trends of the health care industry, describe what you think the future holds..
|
|
Should regulations for home schools be changed
: Should taxes on people making over $250,000 a year be changed? Should Transportation Security (TSA) regulations be changed? Should regulations for home schools be changed? Should funding for the U.S. space program be changed
|