Please help determine items in red! Thanks.
Comment below if you have any query i will solve it asap !! thanks
Please help determine items in red! Thanks. Exercise 16-14 Your answer is partially correct. Try again....
Exercise 16-14 Flounder Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $565,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $584,000. (a) Prepare the journal entries to record...
Exercise 16-14 Marigold Company issues 9,000 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $450,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $508,000. (a) Prepare the journal entries to record...
Exercise 16-14 Flounder Company issues 11,100 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $555,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $355,000. (a) Prepare the journal entries to record...
Exercise 16-13 Your answer is partially correct. Try again. Marigold Company issues 4,200 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2020. The stock has a fair value of $129,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $146,000. (a)...
Exercise 16-14 Flounder Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $565,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $584,000. (a) Prepare the journal entries to record...
Sunland Company issues 11,000 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $550,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $500,000. (a) Prepare the journal entries to record the restricted...
Sarasota Company issues 10,800 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $540,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2024. The par value of the stock is $10. At December 31, 2020, the fair value of the stock is $453,000. (a) Prepare the journal entries to record the restricted...
Sunland Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $565.000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2024. The par value of the stock is $10. At December 31, 2020, the fair value of the stock is $521.000 (a) Prepare the journal entries to record the restricted...
Brief Exercise 15-14 Your answer is partially correct. Try again. Flounder Corporation has outstanding 444,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $67 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account...
Exercise 16-13 Marigold Company issues 4,200 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2020. The stock has a fair value of $129,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $146,000. (a) Prepare the journal entries to record the...