1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LekaFEV [45]
4 years ago
10

On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 5 million of its $1 par common s

hares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $9.00 per share. Required: 1. Determine the total compensation cost pertaining to the RSUs. 2. Prepare the appropriate journal entry to record the award of RSUs on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2022. 5. Prepare the appropriate journal entry to record compensation expense on December 31, 2023. 6. Prepare the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.
Business
1 answer:
aliina [53]4 years ago
4 0

Answer:

Check the explanation

Explanation:

Journal entries (figures in million)

s.no             Particulars                                          Debit     Credit

2            No entry on grant date  

 

3         Compensation expenses (45/3)                  15  

            paid in capital-restricted stock                                  15

 

4          Compensation expenses                            15  

            paid in capital-restricted stock                                   15

 

5          Compensation expenses                           15  

            paid in capital-restricted stock                                    15

 

6        paid in capital-restricted stock                    45  

            common stock                                                                5

            paid in capital -excess of par                                       40

You might be interested in
THIS IS JOURNALISM!! NOT BUSINESS
Alex787 [66]

Answer: B.

Explanation: I would say B because they probably don't give two BLEEPS about an editor. And not C because it doesn't cost money to edit a entry.

5 0
3 years ago
Read 2 more answers
Abigail (Abby) Boxer, age 38, is a single mother (birthdate April 28, 1982) working as a civilian accountant for the U.S. Army.
DochEvi [55]

Answer:

Step 1 of 4

Aby is a single mother with a dependent child. She files Form 1040A. The form is attached herewith.Some of the highlights are given below:

• Gross Income is calculated as follows.

• Adjusted gross income is same as gross income as there are no deductions for AGI. So, adjusted gross income is $42,730 (line 21).

• Standard deduction under Head of Households is $8,700 (line 24).

• She claims one personal and one dependent exemption. So, her total exemptions are (line 26).

7 0
3 years ago
If real GDP per capita measured in 2009 dollars was​ $6,000 in 1950 and​ $48,000 in​ 2018, we would say that in​ 2018, the avera
babunello [35]

Answer:

The correct answer is (B)

Explanation:

Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population.  In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.

6000$ * 8 =48000$

An average American could buy 8 times more than the average American in 1950.

4 0
3 years ago
An oil and gas producing company owns 42,000 acres of land in a southeastern state. It operates 630 wells which produce 18,000 b
valkas [14]

Answer:

The bid amount should be $13,200,264.

Explanation:

An oil and gas producing company owns 42,000 acres of land in a southeastern state.

It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.

The revenue from the oil is ​$1,800,000 per year and for natural gas the annual revenue is ​$581,000 per year.

Total Annual Revenue

= Revenue from oil + Revenue from gas

= $1,800,000 + $581,000

= $2,381,000

The bid amount should be the present worth of total annual revenue.

Present Worth of total annual revenue

= Revenue \times\ \frac{( 1 + i )^{n} -1 }{i (1 + i)^{n} }

= $2,381,000\ \times\ \frac{( 1 + 0.11 )^{9} -1 }{0.11 × (1 + 0.11)^{9} }

= $2,381,000\ \times\ \frac{( 1.11 )^{9} -1 }{0.11 × (1.11)^{9} }

= $2,381,000\ \times\ \frac{2.5580 - 1 }{0.11 × 2.5580 }

= $2,381,000\ \times\ \frac{1.5580 }{0.281}

= $2,381,000\ \times\ 5.544

= $13,200,264

7 0
3 years ago
Find the dimensions of a rectangle with the area 170 sq. ft.
VikaD [51]
One side could be 85 and the other could be 2.
5 0
3 years ago
Other questions:
  • Nelson Industries warrants its products for one year. The estimated product warranty is 4.3% of sales. Sales were $475,000 for S
    6·1 answer
  • You have a loan outstanding. it requires making three annual payments of $1000 each at the end of the next three years. your ban
    11·1 answer
  • Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
    15·1 answer
  • I am not sure what to put on each line. I need help
    15·1 answer
  • Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On January
    5·1 answer
  • Sometimes food is produced in other countries that do not have the same level of chemical safety as in the US. This imported foo
    13·1 answer
  • f the government put a price floor of $ 11.75 $11.75 on both of the markets, which market would have a greater surplus or shorta
    14·1 answer
  • Which of the following is one of the steps of the ethnographic research
    12·1 answer
  • Roger is almost done with his feasibility study and is concerned about the financing. Up until this point, he has been operating
    10·1 answer
  • Online Analytical Processing (OLAP) is included in many Business Intelligence (BI) software applications. We use this OLAP for a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!