Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Analysis And Valuation Using Financial Statements

Authors: Krishna G Palepu, Paul M Healy

4th Edition

032430286X, 9780324302868

More Books

Students also viewed these Finance questions

Question

What are some global issues confronting women?

Answered: 1 week ago