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8_murik_8 [283]
3 years ago
8

On January 1, 2020 (the date of grant), Ayayai Corporation issues 1,900 shares of restricted stock to its executives. The fair v

alue of these shares is $45,000, and their par value is $9,500. 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.
Business
1 answer:
vagabundo [1.1K]3 years ago
5 0

Answer and Explanation:

The journal entries are shown below:

On Jan 1, 2014

Unearned compensation Dr. $45,000

        To paid in capital in excess of par  $35,500

        To common stock  $9,500

(Being the unearned compensation is recorded)  

On Dec 31,2014

Compensation expense Dr.  $15,000 ($45,000 ÷ 3 years)

         To unearned compensation $15,000

(Being one year compensation became due is recorded)  

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Ace Company purchased a machine valued at $328,000 on August 1. The equipment has an estimated useful life of six years or 2.5 m
nlexa [21]

Answer:

A. $53,167

Explanation:

The computation of the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($328,000 - $9,000) ÷ (6 years)

= ($319,000) ÷ (6 years)  

= $53,167

In this method, the depreciation is same for all the remaining useful life.

The estimated useful life in units is used in units of production method. Hence, it is ignored here.

6 0
3 years ago
Classified ads are printed only in newspapers. True False
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The answer is false i hope this helps :3
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3 years ago
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Kraft, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.
Drupady [299]

Answer:

The amount of pension expense reported for 2013 is $330,000

Explanation:

In order to calculate the amount of pension expense reported for 2013 we would have to use and calculate the following formula according to the given data:

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amount of pension expense reported for 2013= $330,000

The amount of pension expense reported for 2013 is $330,000

8 0
2 years ago
In order for mutually beneficial trade to occur between two otherwise isolated nations, Multiple Choice each nation must face co
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In order for mutually beneficial trade to occur between two otherwise isolated nations, each nation must be able to produce at least one good relatively cheaper than the other.

<h3>What does comparative advantage mean?</h3>

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country should specialise in the production of goods for which it has a comparative advantage. This is when trade can be mutually beneficial .

To learn more about comparative advantage, please check: brainly.com/question/25812820

6 0
2 years ago
Suppose you just won the state lottery, and you have a choice between receiving $2,575,000 today or a 20-year annuity of $250,00
Shkiper50 [21]

Answer:

Ans. rate of return= 7.37%

Explanation:

The easiest way to find this discount rate is to set a MS Excel sheet and use the function "Find Goal". In the attachments, there is a spreadsheet that I got ready for you. There are 2 cells in color, one is yellow and the other one is green. You just go ahead and replace the value of the green cell with any percentage that you want, for example, 2%, then use the function "find goal" and set the objective cell to be the yellow cell (B5), changing the cell in green (B7), and hit enter.

Best of luck.

Download xlsx
8 0
3 years ago
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