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On January 1, 2021, Cobbler Corporation awarded restricted stock units (RSUS) representing 30 million of its $1 par common shares to key officers, subject to
On January 1, 2021, Cobbler Corporation awarded restricted stock units (RSUS) representing 30 million of its $1 par common shares to key officers, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $3 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 to 6 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 (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet
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