Kmart Holding Co. included the following disclosure note in an annual report: Required: 1. Based on the

Question:

Kmart Holding Co. included the following disclosure note in an annual report:

Required:

1. Based on the information provided in the disclosure note, determine the weighted average market price of the restricted stock issued.

2. How much compensation expense did Kmart report for the year following the year in which the restricted stock was issued?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

See More Books

Question Posted: Jul 11, 2013 03:44 AM

See More 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...
Based on the information provided in Table 8.19, calculate the estimated time to complete a textbook project. Rohan, an MBA fresh from the university, found an attractive position with a local...
Single PlantwideandMultiple Production Department Factory Overhead Rate Methodsand Product Cost Distortion Eclipse Motor Company manufactures two types of specialty electric motors, a commercial...
Lupton Company manufactured two products, for simplicity called here A and B. Lupton used a standard cost system; were a flowchart of this system prepared, it would be identical to the How chart...
A 50-meter tunnel must be constructed as part of a new aqueduct system for a city. Two alternatives are being considered. One is to build a full-capacity tunnel now for $500,000. The other...
On what do total line-haul costs and line-haul costs per hundredweight depend? What two ways can shippers reduce line-haul costs? LO.1
Kaizer Plastics produces a variety of plastic items for packaging and distribution. One item, container #145, has had a low contribution to profits. Last year, 20,000 units of container #145 were...
The Concord Corporation, a private company, began operations on January 1, 2014. During its first three years of operations, Concord reported net income and declared dividends as follows: Dividends...
Most modern computing in organizations is based on clientserver models. Explain why this tends to be the case. Give an example of clientserver computing that you are familiar with and explain the...
On January 1, 2011, VKI Corporation awarded 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. On the grant date, the...
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company on January 1, 2011, granted 4 million of its $1 par...
Write a recursive method that will duplicate each character in a string and return the result as a new string. For example, if "book" is the argument, the result would be "bbooookk".
IRIS Ratio Analysis Spreadsheet Using the information presented below, calculate the ratios requested in the IRIS ratio section. All of your answers should be in percentage-format. Note that the...
https://www.youtube.com/watch?v=jQbXao0mQ1M 1. Identify the cultural misunderstandings that occurred during Kenichi Takahashi's meeting with Rob, Ella, and Stephanie. Explain and support your...
Using what you know of groups and teams, how do you get your teams back on track with Pat? What actions do you need to take as a leader to minimize/repair the negative impact Pat's has had on the...
The demand function for a certain product is given by p = 3000 2x + 100 (0 x 10) where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Sketch...
QUESTION 4 Dr. Martin Luther King's Speech where he proclaimed, "Free at last! Free at last!" is an example of O A. Impromptu O B. Dissolving OC. Prepared D. Reference E.Planned Speaking Wording...
INTERNET EXERCISE Three large associations of retailers are the National Retail Federation (www. nrf.com), the Food Marketing Institute (www.fmi.org), and the National Association of Convenience and...
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
Is the stimulus described in the news clip discretionary or automatic? Explain your answer. Chinas reliance on infrastructure spending to drive overall investment hit a new high in 2017. Chinese...
Revenues, gains, and investments by owners are all increases in net assets. What are the distinctions among them?
Revenues, gains, and investments by owners are all increases in net assets. What are the distinctions among them?
Revenues, gains, and investments by owners are all increases in net assets. What are the distinctions among them?
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...

Kmart Holding Co. included the following disclosure note in an annual report: Required: 1. Based on the

Question:

Step by Step Answer:

Requirement 1 3000000 111540 shares 2690 Requirement 2 The 3000000 total compensation is expensed ...View the full answer

Intermediate Accounting

Students also viewed these Accounting questions