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Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company, on January 1, 2018, granted 2 million of its $1 par common shares to various division managers. The shares are subject to forfelture if employment is terminated within four years. The common shares have a market price of $21.0 per share on the award date. Required: 1. Determine the total compensation cost from these restricted shares. 2. & 3. Prepare the appropriate journal entries. 4. Suppose a 20% forfeiture rate was expected prior to vesting. Determine the total compensation cost, assuming the company follows the fair value approach and chooses to anticipate forfeitures at the grant date. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 Determine the total compensation cost from these restricted shares. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Total compensation cost million Req Reg 2 and 3> Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journa account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entere View transaction list Journal entry worksheet 1 2 Record the award on January 1, 2018. Note: Enter debits before credits. Date January 01, 2018 General Journal Debit Credit Record entry Clear entry View general Journal Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock company, on January 1, 2018, granted 2 million of its $1 par common shares to various division managers. The shares are forfeiture if employment is terminated within four years. The common shares have a market price of $21.0 per share on Required: 1. Determine the total compensation cost from these restricted shares. 2. & 3. Prepare the appropriate journal entries. 4. Suppose a 20% forfelture rate was expected prior to vesting. Determine the total compensation cost, assuming the cor the fair value approach and chooses to anticipate forfeitures at the grant date. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Reg 4 Suppose a 10% forfeiture rate was expected prior to vesting. Determine the total compensation cost, assuming the company follows the fair value approach and chooses to anticipate forfeitures at the grant date. (Enter your answer in millions rounded to 2 decimal places (.e., 5,500,000 should be entered as 5.50).) Total compensation cost million
