Homework Answers
on 31-12-2021
Employee compensation expenses A/c Dr 24 million (4m *24)/4
To Share based compensation liabilty 24 million
on 31-12-2022
Employee compensation expenses A/c Dr 24 million (4m *24)/4
To Share based compensation liabilty 24 million
on 31-12-2023
Employee compensation expenses A/c Dr 24 million (4m *24)/4
To Share based compensation liabilty 24 million
on 31-12-2024
Employee compensation expenses A/c Dr 24 million (4m *24)/4
To Share based compensation liabilty 24 million
Share based compensation liabilty account Dr 96 million
To Common stock account (4*1) 4 Million
To premium on isssue (23*4) 92 million
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V. Share-based Compensation (20%) A. Under its restricted stock unit (RSU) plan, Fabulous Footware grants RSUs...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units (RSUS) representing 18 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $9.00 per share on the grant date. Management's policy is to estimate forfeitures. Required: 1. Determine the total...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit...
Magnetic-Optical Corporation offers a variety of share-based
compensation plans to employees. Under its restricted stock unit
plan, the company on January 1, 2021, granted restricted stock
units (RSUs) representing 7 million of its $1 par common shares to
various division managers. The shares are subject to forfeiture if
employment is terminated within three years. The common shares have
a market price of $27.00 per share on the grant date. Management’s
policy is to estimate forfeitures.
Required:
1. Determine the...
Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, sub...
Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $5 per share on the grant date. The total compensation cost pertaining to the restricted stock units is: Multiple Choice $50 million. $5 million. $200 million. $40 million.
Taxon Corp. granted restricted stock units (RSUs) representing 50 million of its $1 par common shares...
Taxon Corp. granted restricted stock units (RSUs) representing 50 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within five years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $10 per share on the grant date. Ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives?
Second Link Services granted restricted stock units (RSUS) representing 23 million of its $1 par common...
Second Link Services granted restricted stock units (RSUS) representing 23 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $24 per share on the grant date. 1. Ignoring taxes, what is the total compensation cost pertaining to the restricted stock units? (Enter your answer in millions...
EG Corporation granted restricted stock units (RSUS) representing 32.3 million of its $1 par common shares...
EG Corporation granted restricted stock units (RSUS) representing 32.3 million of its $1 par common shares to executives, 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. The common shares had a market price of $6.6 per share on the grant date. Required: 1. Ignoring taxes, determine the total compensation cost pertaining to the restricted stock units. (Enter your answer in millions rounded...
As part of its executive compensation plan, Vertovec Inc. granted 90,000 of its no-par common shares...
As part of its executive compensation plan, Vertovec Inc. granted 90,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec’s common shares have a market price of $9 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 480,000 shares were outstanding at January 1, 2021. Net income for 2021 was $240,000. Required: Compute Vertovec’s basic and diluted earnings per...
As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted...
As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted stock units (RSUs) representing 100,000 $1 par common shares. At exercise, holders of the RSUs are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUs cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $6.9...
As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted...
As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted stock units (RSUs) representing 100,000 $1 par common shares. At exercise, holders of the RSUs are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUs cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $6.5...
On January 1, 2018, Marguerite DeVille Co. granted restricted stock units (RSUs) representing 300,000 of its...
On January 1, 2018, Marguerite DeVille Co. granted restricted stock units (RSUs) representing 300,000 of its $1 par common shares to executives, 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. The common shares had a market price of $12 per share on the grant date. At the date of grant, DeVille anticipated that 6% of the recipients would leave the firm prior...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units (RSUS) representing 18 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $9.00 per share on the grant date. Management's policy is to estimate forfeitures. Required: 1. Determine the total...
Magnetic-Optical Corporation offers a variety of share-based
compensation plans to employees. Under its restricted stock unit
plan, the company on January 1, 2021, granted restricted stock
units (RSUs) representing 7 million of its $1 par common shares to
various division managers. The shares are subject to forfeiture if
employment is terminated within three years. The common shares have
a market price of $27.00 per share on the grant date. Management’s
policy is to estimate forfeitures.
Required:
1. Determine the...
Second Link Services granted restricted stock units (RSUS) representing 23 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $24 per share on the grant date. 1. Ignoring taxes, what is the total compensation cost pertaining to the restricted stock units? (Enter your answer in millions...
EG Corporation granted restricted stock units (RSUS) representing 32.3 million of its $1 par common shares to executives, 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. The common shares had a market price of $6.6 per share on the grant date. Required: 1. Ignoring taxes, determine the total compensation cost pertaining to the restricted stock units. (Enter your answer in millions rounded...
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