Question: On January 2 2016 Brust Corporation grants its new CFO
On January 2, 2016, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the time-vested restricted share units entitles the CFO to receive one share of Brust common stock if she remains an employee of the company for 4 years. On January 2, 2016, shares of Brust’s $1 par value common arc trading at $29.50 per share. The company estimates that the CFO will complete all 4 years of required service with the company. Pre-pare the journal that Brust should make each year to account for the restricted share units.
Answer to relevant QuestionsOn January 1, Year 1, Salt Lake Corporation grants share appreciation rights to its CEO. Under the plan, the CEO will receive cash for the difference between the quoted market price over a $50 option price for 1,000 shares ...Performance-Based Share Option Plan On January' 1, 2016, Rhine Company adopts a performance-based share option plan for its 80 key executives. Each executive is granted a maximum of 70 share options, but the number of ...What are the two components of a corporation's contributed capital, and what might be included in each component? Pickens Corporation declares and issues a 10% stock dividend. On the date of declaration, the stock is selling for $30 per share. Assuming that there were 50,000 shares previously outstanding, with a $10 par value, prepare ...Graham Railways Inc. is evaluating its operations and provides the following information: Required: For each of the years 2014 through 2016, calculate Graham Railways’s earnings per share and dividend yield ratio. The ...
Post your question