On January 1, 2018, M

question 90

Essay

On January 1, 2018, M.T. Toombe Mausoleum granted restricted stock units (RSUs) representing 60 million of its $1 par common shares to executives, 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. The common shares had a market price of $15 per share on the grant date. At the date of grant, Toombe anticipated that 5% of the recipients would leave the firm prior to vesting. In 2019, 3% of the options are forfeited due to executive turnover. Toombe chooses the option not to estimate forfeitures.
Required:
1. Prepare the appropriate journal entry to record compensation expense on December 31, 2018. Ignore taxes.
2. Prepare the appropriate journal entry to record compensation expense on December 31, 2019. Ignore taxes.

Analyze the economic disparities and growth trends in late 20th-century America.

Recognize the intentions and outcomes of significant trade agreements such as NAFTA.

Identify technological advancements that significantly impacted American life in the 1990s.

Understand the consequences of specific legislative repeals and enactments on American society and economy.

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Definitions:

Diverse Beliefs

The presence and acceptance of a wide range of cultural, religious, and ideological perspectives within a society or group.

Personal Commitments

The pledges or promises individuals make to themselves or others, often guiding their personal, professional, or social actions and decisions.

Intellectual Authority

The credibility and recognition given to individuals or entities based on their expertise, knowledge, and contributions to a particular field or subject area.

Qualifications for Adulthood

Criteria or attributes considered necessary for an individual to be recognized as a mature and responsible member of society.