Derrick company issues 4790 shares of restricted stock to

Assignment Help Accounting Basics

Reference no: EM13577610

Derrick Company issues 4,790 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2012. The stock has a fair value of $121,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $3. At December 31, 2013, the fair value of the stock is $153,200.

(a) Prepare the journal entries to record the restricted stock on January 1, 2012 (the date of grant), and December 31, 2013.

(b) On March 4, 2014, Yaping leaves the company. Prepare the journal entry (if any) to account for this forfeiture

Reference no: EM13577610

Questions Cloud

Based on past experience they believe that they have a 07 : the advertising firm of mcmann and tate has put out bids for two separate contracts. based on past experience they

Kunkel company makes two products and uses a conventional : kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined

A life insurance company wants to estimate their annual : question 1 a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. what is the

Performance products corporation makes two products : performance products corporation makes two products titanium rims and posts. data regarding the two products follow

Derrick company issues 4790 shares of restricted stock to : derrick company issues 4790 shares of restricted stock to its cfo dane yaping on january 1 2012. the stock has a fair

Santa fe company purchased merchandise for resale from mesa : santa fe company purchased merchandise for resale from mesa company with an invoice price of 19700 and credit terms of

The probability that a person living in a certain city : the probability that a person living in a certain city owns a dog is estimated to be 0.3. find the probability that

In a partially destroyed laboratory record of an analysis : in a partially destroyed laboratory record of an analysis of correlation data the following results are legible

Assume you recently accepted a job with a company that : assume you recently accepted a job with a company that designs and builds helicopters for commercial and military use.

User Account

All Pages