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On lanvary 1st 2020 , the simpson Company awarded restricted stock units (nsu) representing 30 million of its $1 par common shares to its 3
On lanvary 1st 2020 , the simpson Company awarded restricted stock units (nsu) representing 30 million of its $1 par common shares to its 3 key officers, Homer, Bart and Madge. The RSU is subject to forfeiture if employment is terminated within 3 years Atter the rectipients of the RSU's satisfy the vestine requirement the company will distribute the shares. On lanuary 1 st 2020 , the shares had a market price of $3 per share REOUAED Determine the total compensation cost pertaining to the restricted stock units. Prepare the appropriate journal entries for all 3 vears
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