On January 1, 2018, VKI Corporation awarded restricted stock units (RSUs) representing 12 million of its $1
Question:
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, 2018.
3. Prepare the appropriate journal entry to record compensation expense on December 31, 2018.
4. Prepare the appropriate journal entry to record compensation expense on December 31, 2019.
5. Prepare the appropriate journal entry to record compensation expense on December 31, 2020.
6. Prepare the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2020.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted: