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On January 1, 2024, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 12 million of its $1 par common shares to key personnel, subject

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On January 1, 2024, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 12 million of its $1 par common shares to key personnel, subject to forfelture if employment is terminated within three years. After the reciplents of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $250 per share Required: 1. Determine the total compensation cost pertaining to the RSUs. 2. Prepare the appropriate journal entry to record the award of RSUs on January 1, 2024. 3. Prepare the appropriate journal entry to record compensation expense on December 31,2024 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2025. 5. Prepare the appropriate joumal entry to record compensation expense on December 31,2026. 6. Prepare the appropriate joumal entry to record the lifting of restrictions on the RSUs and issuling shares at December 31,2026 Complete this question by entering your answers in the tabs below. Determine the total compensation cost pertaining to the RSUs. Notes Enter your answer in millions (i.e. 10,000,000 should be entered as 10 )

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