Business, 05.12.2019 06:31 Shubbs

On january 1, 2016, vki corporation awarded restricted stock units (rsus) representing 12 million of its 81 par commonshares to key personnel, subject to forfeiture if employment is terminated within three years. after the recipients of thersus satisfy the vesting requirement, the company will distribute the shares. on the grant date, the shares had a marketprice of $2.50 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, 2016.3. prepare the appropriate journal entry to record compensation expense on december 31, 2016.4. prepare the appropriate journal entry to record compensation expense on december 31, 2017.5. prepare the appropriate journal entry to record compensation expense on december 31, 2018.6. prepare the appropriate journal entry to record the lifting of restrictions on the rsus and issuing shares at december 31,2018.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 05:50

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Answers: 2

Answer

Business, 22.06.2019 10:50

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Answers: 2

Answer

Business, 22.06.2019 17:00

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

Answer

Business, 22.06.2019 17:50

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?

Answers: 1

Answer

You know the right answer?

On january 1, 2016, vki corporation awarded restricted stock units (rsus) representing 12 million of...

Questions