The Peach Corporation Provides Restricted Stock to Certain Executives

question 95

Essay

The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2013, which vest in four years. The fair value of the shares is $14. No forfeitures are anticipated. Ignore taxes.

Required:

1. Determine the total compensation cost pertaining to the restricted stock.
2. Prepare the appropriate journal entry (if any) to record the award of restricted stock on January 1, 2013.
3. Prepare the appropriate journal entry (if any) to record compensation expense on December 31, 2013.

Understand the structure and components of the working memory model as proposed by Alan Baddeley.

Differentiate between types of memory: sensory, short-term, and long-term.

Recognize the capacity limits and strategies for enhancing short-term memory.

Understand the differences between explicit (declarative) and implicit (nondeclarative) memory, including episodic, semantic, and procedural memory.

---

Definitions:

Business Plan

A detailed document outlining the objectives of a business, the strategy and tactics planned to achieve them, and the expected financial performance over a period of time.

Financial Projections

Estimates of future financial performance, including income, expenses, and cash flow, over a specific period.

Business Plan

A comprehensive document that describes a company’s mission, structure, objectives, and operations.

Company's Mission

A statement that defines the purpose and core values of a company, guiding its decisions and strategies.