On January 2, 2016, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the

Question:

On January 2, 2016, Brust grants its new CFO 2,000 restricted share units. Each of the time-vested restricted share units entitles the CFO to receive one share of Brust if she remains an employee of the company for 4 years. On January 2, 2016, shares of Brust’s $1 common arc trading at $29.50 per share. The company estimates that the CFO will complete all 4 years of required service with the company. Pre-pare the journal that Brust should make each year to account for the restricted share units.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...