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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.• 2. Prepare the appropriate journal entry to record the award of restricted shares on January 1, 2013.• 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2013.• 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2014.• 5. Prepare the appropriate journal entry to record compensation expense on December 31, 2015. 6. Prepare the appropriate journal entry to record the lifting of restrictions on the shares at December 31, 2015
Kenner company produces two products: SR200 and TX500. Budged sales for four months are as follows; SR200 TX500 May 8,000 20,000 June 13,000 32,000 July 11,000 39,000 August 18,000
Average costing method has the following main advantages: 1.It is a realistic costing method useful to management in analyzing operating results and appraising future production
Purposes of Overhead Cost Analysis There are a number of situations whether the analysis of overhead costs will assist in the satisfactory evaluation of the relevant cost data
Activity Based Costing or ABC Absorption costing shows to be relatively straightforward way of adding overhead costs to units of production utilizing, more often than not, a v
what is the purpose of cost accounting and its nat ure?
The San Carlos Company is an electronics business with eight product lines. Income data for one of the products (XT-107) for June 2011 are as follows: Revenues, 200,000 units at av
The Bloomington Electric Company operates in a stable industry and therefore has predictable dividend growth of 8% per year. The most recent annual dividend was paid yesterday in t
Ask The James Company, a wholesaler, budgeted the following sales for the indicated months June 2004 July 2004 August 2004 Sales on account 1800,000 1,92
responsibility of director of finance and logistics
The Integrated Management Project is to be based on an organisation, a strategic business unit, or profit centre that has good potential for growth and development. The brief is to
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