Question
In: Accounting
21- On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSUs) representing 29.7 million of...
21- On January 1, 2018, Cobbler Corporation awarded restricted
stock units (RSUs) representing 29.7 million of its $1 par common
shares to key personnel, subject to forfeiture if employment is
terminated within three years. After the recipients of the RSUs
satisfy the vesting requirement, the company will distribute the
shares. On the grant date, the shares had a market price of $5.2
per share.
Required:
1. Determine the total compensation cost
pertaining to the RSUs.
2. to 6. Prepare the appropriate journal
entries.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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