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Check my work Exercise 19-4 (Algo) Restricted stock units; forfeitures anticipated (LO19-1) Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan. the company on January 1, 2021, granted restricted stock units (RSUS) representing 9 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $24.00 per share on the grant date. Management's policy is to estimate forfeltures. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Reg 4 Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions (ie., 10,000,000 should be entered as 10).) Total compensation cost million Roq 2 and 3 >
Check my wor Reg 1 Req 2 and 3 Req 4 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 Record the award of restricted shares on January 1, 2021. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021
pints 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUS prior to vesting. Determine the total compensation ce Slipped eBook Complete this question by entering your answers in the tabs below. Ask Print References Reg 1 Reg 2 and 3 Reg 4 Suppose Magnetic-Optical expected a 10% forfelture rate on the RSus prior to vesting. Determine the total compensation cost. (Enter your answer in millions rounded to 1 decimal place (l.e. 5,500,000 should be entered as 5.5).) Total compensation cost million < Req 2 and 3
Help Save & Exit Submit Check my work Exercise 19-4 (Algo) Restricted stock units; forfeitures anticipated (LO19-1) d Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan the company on January 1, 2021. granted restricted stock units (RSUS) representing 9 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $24.00 per share on the grant date. Management's policy is to estimate forfeitures. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost.