Question
1. Determine the total compensation cost pertaining to the RSUs. 2. a) Record the award of restricted shares on January 1, 2021. b) Record compensation
1. Determine the total compensation cost pertaining to the RSUs.
2. a) Record the award of restricted shares on January 1, 2021.
b) Record compensation expense on December 31, 2021.
3. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost.
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Answers 1Total number of shares awarded 8 Million Fair value per share 12 per share To...Get Instant Access to Expert-Tailored Solutions
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
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