Prepare the journal entry to account for this forfeiture

Assignment Help Accounting Basics
Reference no: EM131108163

1. (Accounting for Restricted Stock) Tweedie Company issues 10,000 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2010. The stock has a fair value of $500,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company for 5 years. The par value of the stock is $10. At December 31, 2010, the fair value of the stock is $450,000. 

(a) Prepare the journal entries to record the restricted stock on January 1, 2010 (the date of grant) andDecember 31, 2011.

(b) On July 25, 2014, Tokar leaves the company. Prepare the journal entry (if any) to account for this forfeiture.

Reference no: EM131108163

Questions Cloud

Which swiss city lies at the other end of the line : The Centovalli train passes through a series of picturesque villages. One end of this line terminates in Domodossola, Italy. Which Swiss city lies at the other end of the line
Find the aperture efficiency of this antenna : Find the half-power beamwidth, assuming the beam widths are identical in the two principal planes.
Calculate the project''s npv : Calculate the project's NPV. Calculate the annual EVA in a typical year. Calculate the overall project EVA and compare to your answer in part a.
What is the name of the monument the swiss : The Swiss Guard is the private bodyguard of the Pope located in The Vatican and are in fact a highly trained unit of soldiers. What is the name of the monument the Swiss people erected to pay homage to their bravery
Prepare the journal entry to account for this forfeiture : On July 25, 2014, Tokar leaves the company. Prepare the journal entry (if any) to account for this forfeiture.
What do you think it means to be media savvy : Which type of people were likely to be shown? What types of ads were most common? Was there much variation in the body types of the men and women in the ads? Explain.
What is its radiation efficiency : A noise temperature of 105 K is measured for the antenna temperature. If the physical temperature of the antenna is 290 K, what is its radiation efficiency?
From what does the name helvetica derive : Switzerland is often represented by the international code "CH", which stands for Confoederatio Helvetica. From what does the name "Helvetica" derive
Calculate each project''s payback period : Calculate each project's payback period. Which project is preferred according to this method? Calculate each project's net present value (NPV). Which project is preferred according to this method? Comment on your findings in parts a and b, and recomm..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Application of linear eqautions

An art dealer sold two artworks at $1520 thereby making a profit of 25% on the first work and 10% on the second, where as if he had approached any exhibition he would have sold them together for $1535 with a profit of 10% on the first and 25% on t..

  Suppose a situation in which the client under audit by the

suppose a situation in which the client under audit by the irs omitted 100000 in income. from the e-activity analyze

  The following information describes transactions for

the following information describes transactions for morgenstern advertising company during july a. on july 5

  In november of the current year sapphire corporation

in november of the current year sapphire corporation declared a dividend of 2 per share the shareholder record date is

  Compute lemon company''s interest paid

Given the following information, compute Lemon Company's interest paid.

  What would be bobs basis in the warehouse and in the land

wanting to finalize a sale before year-end on december 29 wr outfitters sold to bob a warehouse and the land for

  There is an alternative procedure

There is an alternative procedure

  Interpretation of published accounts

You are one of a team of investment analysts for World Wealth Management. Your role is to provide investment advice to high wealth individuals.

  Why are adjustments needed at the end of accounting period

Why are adjustments needed at the end of an accounting period? Identify the four different categories of adjustments frequently required at the end of an accounting period.

  Transactions of the lizard lick corporation

Selected transactions of the Lizard Lick Corporation during 2010 are as follows:

  Which general controls can help reduce these risks

Why do you think this is true? Which general controls can help reduce these risks?

  During july neptune company had actual sales of 144000 with

during july neptune company had actual sales of 144000 with a volume of 64000 units compared to budgeted sales of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd