BigTech, Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) ......
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
BigTech, Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) ... compensation expense related to these grants is based on the grant date fair value of the RSUS and is recognized on a straight-line basis over the applicable service period. The following table summarizes the activities for our unvested RSUS for the year ended December 31, 2017: Weighted Average Grant Date Fair Value $ 21.62 32.85 17.20 25.55 $28.50 Unvested at December 31, 2016 Granted Vested Forfeited Unvested at December 31, 2017 Number of Shares (in thousands) 115,444 54,551 (48,750) (16,067) 105,178 Required: 1. Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2017. (BigTech's common shares have a par amount per share of $0.000006.) Required: 1. Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2017. (BigTech's common shares have a par amount per share of $0.000006.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? (Enter your answer in millions rounded to nearest whole number. (i.e., 10,000,000 should be entered as 10).) Compensation expense million < Required 1 Required 2 > Journal entry worksheet < 1 Record the entry that summarizes the vesting of RSUS during the year ended December 31, 2017. Note: Enter debits before credits. Date December 31, 2017 Record entry General Journal Clear entry Debit Credit View general journal BigTech, Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) ... compensation expense related to these grants is based on the grant date fair value of the RSUS and is recognized on a straight-line basis over the applicable service period. The following table summarizes the activities for our unvested RSUS for the year ended December 31, 2017: Weighted Average Grant Date Fair Value $ 21.62 32.85 17.20 25.55 $28.50 Unvested at December 31, 2016 Granted Vested Forfeited Unvested at December 31, 2017 Number of Shares (in thousands) 115,444 54,551 (48,750) (16,067) 105,178 Required: 1. Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2017. (BigTech's common shares have a par amount per share of $0.000006.) Required: 1. Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2017. (BigTech's common shares have a par amount per share of $0.000006.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? (Enter your answer in millions rounded to nearest whole number. (i.e., 10,000,000 should be entered as 10).) Compensation expense million < Required 1 Required 2 > Journal entry worksheet < 1 Record the entry that summarizes the vesting of RSUS during the year ended December 31, 2017. Note: Enter debits before credits. Date December 31, 2017 Record entry General Journal Clear entry Debit Credit View general journal
Expert Answer:
Answer rating: 100% (QA)
Q1 The compensation expense for BigTech Inc in the year ended December 31 2018 for the restricted st... View the full answer
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date:
Students also viewed these accounting questions
-
Facebook Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) . . . compensation expense related to these grants is based on the grant date fair value...
-
Facebook Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) . . . compensation expense related to these grants is based on the grant date fair value...
-
1. You have downloaded 20 new songs onto your phone as shown in the table. Artist Number of Songs A Tribe Called Red 3 Drake 8 The Weeknd 7 Alessia Cara Assuming order does not matter, if you...
-
Determine the magnitude of the projection of the moment cause by the force about the a a axis. OKAY, SO I DONT UNDERSTAND HOW TO GET "R" BECAUSE THE FORCE IS MEASURED ON AN AXIS AND NOT A POINT OR...
-
Weil Corporation has 80,000 shares of common stock (par value $8) outstanding. Required: Complete the following comparative tabulation based on two independent cases: Case 1: The board of directors...
-
True Or False Compensation is the only purpose of tort law.
-
A large company has the opportunity to select one of seven projects-A, B, C, D, E, F, G-or choose the null (donothing) alternative. Each project requires a single initial investment as shown in the...
-
Ehrlich Co. began business on January 2, 2013. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the...
-
(a) Find the local extrema and saddle points of the function (x,y) = + -2y-xy+y+1 (b) Use Taylor's approximation around the point (x,y)=(0,0) to obtain an approximation of the above function up to...
-
(a) For the circuit of Problem 5.1, sketch load lines in the I c - V ce plane for R L = 2 k¦ and R L = 10 k¦. (b) Calculate the maximum average sinusoidal output power that can be...
-
Fashion Retailers, Inc.s income statement for the year ended December 31, 20X8 included the following accounts: Sales.$72,000,000 Cost of goods sold$50,400,000 Selling expenses (total)$12,000,000...
-
1. NBody Write a program that simulates the gravitational attraction of n stars moving in 2D space. The start of the simulation might look like this: The program should animate the position of each...
-
Castle View Games would like to invest in a division to develop software for video games. To evaluate this decision, the firm first attempts to project the working capital needs for this operation....
-
Choose a company (Local/international) that have a full Logistics and Supply Chain function. Chosen Company Name: SAMSUNG i) Provide an overview of the company ie Company history, background etc. ii)...
-
Imagine we have two boundary lines: one solid and one dashed. If they are not parallel, is the point where they meet included in the solution? Why or why not?
-
According to economic structuralist theory, why do the owners of capital look abroad for investment purposes?
-
A client has sought your assistance before incorporating a business that will buy and sell fine art. The client will enter the business with three other associates, all about 35 years old. They plan...
-
Could the owner of a business prepare a statement of financial position on 9 December or 23 June or today?
-
Carter Containers sold marketable securities, land, and common stock for $30 million, $15 million, and $40 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $21...
-
For each of the following note disclosures, indicate whether the disclosure would likely appear in (A) The summary of significant accounts policies (B) A separate note: (1) Depreciation method; (2)...
-
In two-step bank reconciliation, identify the items that might be necessary to adjust the bank balance to the corrected cash balance. Identify the items that might be necessary to adjust the book...
-
A phenotypically abnormal individual has a phenotypically normal father with an inversion on one copy of chromosome 7 and a phenotypically normal mother without any changes in chromosome structure....
-
Explain how polytene chromosomes of Drosophila are produced, and describe the six-armed structure they form.
-
Male honeybees, which are haploid, produce sperm by meiosis. Explain what unusual event (compared with other animals) must occur during spermatogenesis in honeybees to produce sperm. Does this...
Study smarter with the SolutionInn App