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PLEASE SOLVE URGENTLYYYY On January 1, 2021. Jeans. Rus Company awarded 15 million of its 51 par common shares to key executives, siubject to farfeiture
PLEASE SOLVE URGENTLYYYY
On January 1, 2021. Jeans. Rus Company awarded 15 million of its 51 par common shares to key executives, siubject to farfeiture if ermployment is ferminated withan three years. On the date of the grant, the stock had a market price of $3 per thare Required: 1. Determine the total compensation cost pertaining to the restricted shares 283 . Prepare the appropriate journal entry to record the award on January 1.2021 and record compensation expense on December 31. 2021 Complete this question by entering your answers in the tabs below. Detemine the total compensation cost pertaining to the restricted rhares. Enter your anower in rilisions 0,0 , 10,000,000. sfiould be entered as 10)-) Journal entry worksheet 2 Record the award of 15 million of its $1 par common shares to key executives on January 1,2021 . Note: Enter debits before credits. Journal entry worksheet Record the compensation expense on December 31, 2021 when market price of $3 per share for the issue of 15 million $1 par common shares to key executives subject to forfeiture if employment is terminated within three years. Note: Enter debits before credits Step by Step Solution
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