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Please answer NUMBER 13. Number 12 shared for informational purposes. 13a. On October 1, 2018. XYZ Corp also hires another new executive. This executive is
Please answer NUMBER 13. Number 12 shared for informational purposes.
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. 12a. On October 1, 2018. XYZ Corp hires a new CEO and gives her stock options with the following characteristics: Gives CEO the right to purchase up to 200,000 shares of common stock ($1 par value) for $12/share. Vesting'service period is 2 years. The options expire in 8 ycars. At the grant date, the options have a value of $400,000 based on Black Scholes pricing. Show the journal entry made on December 31, 2018. 2pts> 12b. Assume 7 more quarters pass, so that the 2-year vesting period has been met. On October 2, 2020, the CEO fully exercises all of her options. The stock price at time of exercise is $20. Show the journal entry.Step by Step Solution
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