Question: Help Save & Eet Mann Inc. offers a restricted stock award plan to its vice presidents. On January 1 2018, the corporation granted 10 million



Help Save & Eet Mann Inc. offers a restricted stock award plan to its vice presidents. On January 1 2018, the corporation granted 10 million of its $5 por common shares, subject to forfeiture If employment is terminated within two years. The common shares have a market value of $10.4 per share on the date the award is granted. Required: 1. Assume that no shores are forfeited. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entries related to the restricted stock through December 31, 2019, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that no shores are forfeited. Determine the total compensation cost pertaining to the restricted shares. (Enter your answers in millions (... 10,000,000 should be entered as 10).) Total compensation cont million Required 2 > Help Required: 1. Assume that no shares are forfeited. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entries related to the restricted stock through December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entries related to the restricted stock through December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required in the first account held. Enter your answers in millions rounded to 1 decimal places (le, 5,500,000 should be entered as 5.5).) View transaction line Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
