Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all parts! And show work please! 13a. On October 1, 2018. XYZ Corp also hires another new executive. This executive is granted 20.000
Please answer all parts! And show work please!
13a. On October 1, 2018. XYZ Corp also hires another new executive. This executive is granted 20.000 shares of restricted stock when its common stock ($1 par value) is trading at $12/share. The vesting period is also 2 years. Show the journal entry on October 1. 13b. How much is the change in total stockholders' equity at this October 1 grant date? 130. Show adjusting entries made at December 31, 2018. 13d. On January 1, 2019. after only 3 months on the job, the executive quits. Show any journal entries related to the restricted stock. 13a. On October 1, 2018. XYZ Corp also hires another new executive. This executive is granted 20.000 shares of restricted stock when its common stock ($1 par value) is trading at $12/share. The vesting period is also 2 years. Show the journal entry on October 1. 13b. How much is the change in total stockholders' equity at this October 1 grant date? 130. Show adjusting entries made at December 31, 2018. 13d. On January 1, 2019. after only 3 months on the job, the executive quits. Show any journal entries related to the restricted stock.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