Check my 2 Exercise 19-4 (Static) Restricted stock units; forfeitures anticipated (LO19-1 2.5 Joints Book Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan the company on January 1, 2021. granted restricted stock units (RSUS) representing 4 million of its $1 par common shares to various division managers. The shares are subject to forfeiture If employment is terminated within three years. The common shares have a market price of $22.50 per share on the grant date Management's policy is to estimate forfeitures Required: 1. Determine the total compensation cost pertaining to the RSUS 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 Suppose Magnetic Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. (Enter your answer in millions (l.e., 10,000,000 should be entered as 10).) 2 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021 4. Suppose Magnetic-Optical expected a 10% forfelture rate on the RSUs prior to vesting. Determine the total com Complete this question by entering your answers in the tabs below. is Book eqi Req 2 and 3 Reg 4 Print Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions (i.e., 10,000,000 should entered as 10).) terences Total compensation cost million Check my work 2 Complete this question by entering your answers in the tabs below. 25 points Reg 1 Req 2 and 3 Reg 4 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (t.e. 10,000,000 should be entered as 10).) View transaction list View journal entry worksheet Reference No Debat Credit Date General Journal January 01, 2021 No journal entry required 1 2 December 31 2021 Compensation expense Paid-in capital - restricted stock Chcemy werk 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021 4. Suppose Magnetic Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation coit Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Reg 4 Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. (Enter your answer in millions (t.e., 10,000,000 should be entered as 10).) Total compensation cost million
