Question: 2 Under its restricted stock unit plan, our company grants RSUs representing 10,000,000 of it $3 par common shares to certain executives at January 1,

 2 Under its restricted stock unit plan, our company grants RSUs
representing 10,000,000 of it $3 par common shares to certain executives at

2 Under its restricted stock unit plan, our company grants RSUs representing 10,000,000 of it $3 par common shares to certain executives at January 1, 2020. The shares will be issued in 5 years. The market value per share on January 1, 2020 is $8.00. The company's best estimate of the market value per share 5 years from now is $11.00. What entry will be made in each year: 2020, 2021, 2022, 2023, and 2024? A 16,000,000 Compensation expense Paid-in capital - stock options 16,000,000 B 80,000,000 Compensation expense Paid-in capital - restricted stock 80,000,000 16,000,000 Compensation expense Paid-in capital - restricted stock 16,000,000 D Compensation expense Cash 40,000,000 40,000,000 3 4 E None of the other answers is correct 5 5 3 Given the same information as above, what entry will our company make in 2024 to issue the stock? 7 8 9 A 16,000,000 Paid-in capital -- restricted stock Common stock Paid-in capital -- excess of par 6,000,000 10,000,000 -1 52 53 B 80,000,000 54 Paid-in capital -- stock options Common stock Paid-in capital -- excess of par 55 30,000,000 50,000,000 56 57 80,000,000 58 Cash Common stock Pald-in capital -- excess of par 59 30,000,000 50,000,000 60 D 61 62 80,000,000 Paid in capital --restricted stock Common stock Paid-in capital -- excess of par 63 30,000,000 50,000,000 64 65 E None of the other answers is correct: 66

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