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Question - Massey Inc. offers a restricted stock award plan to its vice presidents. On January 1, 2011, the corporation granted 16 million of its $1 par common shares, subject to forfeiture if employment is terminated within 2 years. The common shares have a market value of $7 per share on the date the award is granted.
Required:
(1) Assume that no shares are forfeited. Determine the total compensation cost pertaining to the restricted shares.
(2) Prepare the appropriate journal entries related to the restricted stock through December 31, 2012.
• How does the debit impact each account type? • How does the credit impact each account type?
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Most people who start small businesses are aware of the high failure rate and the reasons for it. Why, then, do some take no steps to protect their firms from failure? What steps should they take?
2013 total assets 48 total liabilities 17 net income 31 2012 total assets 28 total liabilities 5 net income 23 compute
Determine the fundamental differences in balance sheet exposure from the application of each method.
discuss any information about company. that auditor should consider during the acceptance decision making process
Read the following: The leader of a local health care organization, Ken Janowski, has noticed other health care organizations successfully incorporating strategic management practices. Ken is considering using strategic management for his health c..
A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with weak:
Refer to the data in Exercise. Assume that ending inventory is made up of 100 units from the March 14 purchase, 120 units from the July 30 purchase.
Requires a corporation to adjust its capital stock account to reflect current market value of its outstanding capital stock.
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