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Friend Connection Inc. included the following disclosure note in an annual report: Share-Based compensation (in part) . ..compensation expense related to these grants is based
Friend Connection 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, 2015 Unvested RSUs Number of Shares in thousands 116,244 54,960 (49,150) (16,467) 105,587 Weighted Average Grant Date Fair Value $21.70 33.77 17.28 25.63 $28.90 Unvested at December 31, 2014 Granted Vested Forfeited Unvested at December 31, 2015 Required 1. Assuming a four-year vesting period, how much compensation expense did Friend Connection report in the year ended December 31, 2016, for the restricted stock units granted during the year ended December 31, 2015? 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, 2015. (Friend Connection's common shares have a par amount per share of $0.000006 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming a four-year vesting period, how much compensation expense did Friend Connection report in the year ended December 31, 2016, for the restricted stock units granted during the year ended December 31, 2015? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Compensation expense million Required Required 2>
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