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ololo11 [35]
3 years ago
9

On January 1, 2020, Green Corporation granted 28,000 shares of restricted $13 par value common stock to its CFO. The market pric

e of the common stock on that date was $21 per share and the CFO must stay in the employ of the company through December 31, 2021. What amount of compensation expense for these shares should be recorded by Green on December 31, 2020
Business
1 answer:
EleoNora [17]3 years ago
6 0

The correct answer is $588000

<u>Explanation:</u>

As the restricted shares provided to the employees are recorded at the market value. The restricted shares have a vesting period which means the employee cannot sell the stock right away, for example the CFO might have to wait for 2 years before being able to sell the stock. Generally, the company will debit deferred revenue expense with the amount of $588000 currently and write off over the vesting period.

Amount of compensation expense that needs ot be recorded by Green on the december 31,2020 is $588000.

( 28000 shares multiply with $21 per share).

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In​ 2008, as a financial crisis began to unfold in the United​ States, the FDIC raised the limit on insured losses to bank depos
Dafna1 [17]

Answer:

The correct answer is option D.

Explanation:

In​ 2008, as a financial crisis began to unfold in the United​ States, the FDIC raised the limit on insured losses to bank depositors from​ $100,000 per account to​ $250,000 per account.

During the financial crisis, there was a sense of panic. The regulators were concerned that depositors would expect their banks to crash and would fear that they may lose their money. The regulators expect the depositors to pull money back from their banks. The money supply will get reduced further. This will further reduce the money with banks. This could lead to even healthy banks to fail.

Raising the insurance limit would reassure depositors that their money was safe in banks and prevent a bank panic. This will further help to stabilize the financial system.

4 0
3 years ago
Katherine Connor started her day with a cup of coffee while reading the newspaper.However, something about the day makes her fee
11Alexandr11 [23.1K]

Answer:

Mood

Explanation:

Mood is ones present states of mind. This present states of mind controls one's reaction that are visible to others. For example when one is in a good mood, he tends to be cheerful, smile often and happy but when one is in a bad mood like Katherine Conor, one tends to be unhappy,distracted and easily angered.

4 0
3 years ago
Marsha has $23,479 in the bank. if she deposits another 25% of her total into her account, what percent of the new total must sh
Elodia [21]
Amount in the bank $23479
amount deposited is 25% this will be equal to:
25/100*23479
=$5869.75
The total amount in the bank is:
23479+5869.75
=$29348.75
the percentage she must withdraw for her to remain with the initial amount is:
5869.75/29348.75
=0.2
=20%
3 0
3 years ago
Read 2 more answers
Gina writes and signs a check payable to "Happy Market." Irma, Happy’s manager, indorses the check "For deposit only." This is
Pachacha [2.7K]

Answer:

c.a restrictive indorsement.

Explanation:

-Blank endorsement refers to an instrument that allows any holder to request the payment.

-Qualified endorsement refers to a signature in an instrument that transfers the amount to other person.

-Restrictive endorsement puts a limit on an instrument like the sentence "For deposit only."

-Special endorsement enables to make a check payable to someone else.

According to this, the answer is that this is a restrictive endorsement.

4 0
3 years ago
On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. that same company had assets o
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<span>On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. however it had assets of $20 billion and stockholders' equity of $9 billion as of december 31, 2016. during 2016, total sales revenue was $9 billion and total expenses was $7 billion. As Total asset is 20 billion and stockholders equity is 9 billion the liabilities are 11 billion. The Debt to Asset ratio = Liabilities / Assets = 11 Billion / 20 Billion = .55 (55%)</span>
8 0
3 years ago
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