Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Check my work BigTech, Inc. included the following disclosure note in an annual report Share-Based Compensation (in part) compensation expense related to these grants
Check my work BigTech, 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 of the RSUs and is recognized on a straight-line basis over the applicable service period The following table summarizes the activities for our unvested RSUs for the year ended December 31, 2017 Number of Shares (in thousands) 113,444 Weighted Average Grant Date Fair Value Unvested at December 31, 2016 Granted Vested Forfeited Unvested at December 31, 2017 $21.42 53,561 30.47 (47,750) 17.00 (15,067) 104,188 25.35 $27.50 Required: 1. Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017? 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUs during the year ended December 31, 2017. (BigTech's common shares have a par amount per share of $0.000006) Complete this question by entering vour answers in the tabs helow. < Prev 4 of 16 Next > Extr
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started