Argile Inc. is a Canadian private company. The company has a competitive stock-based compensation program for all
Question:
Argile Inc. is a Canadian private company. The company has a competitive stock-based compensation program for all of its 125 employees. Information from the 20X5 grant: • 500 shares options are granted to each employee for $5 per share. • The share options have a value of $209,700. • Share options vest after 3 years, expire 6 years after the date of issuance, and are non-transferable.
Estimated retention rates were 77% in 20X5 and 82% in 20X6. The number of actual forfeitures were as follows: • 20X5: 2,000 options forfeited • 20X6: 1,815 options forfeited • 20X7: 1,810 options forfeited
Required: 1. Prepare the journal entries assuming that the company estimates forfeiture in advance. 2. Prepare the journal entries assuming that the company does not estimate forfeiture in advance.
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Requirement 1 Requirement 2 20X5 Compensation expense 209700 x 13 ...View the full answer
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
