On 1/1/2020 Coopers issued 20 restricted stock shares when the stock was selling for $22. The stock has a $1 par and vesting occurs after two years.  Prepare the necessary entries for all of the dates assuming the employees are still working for the company in 2 years. On 1/1/2020 Coopers issued 2,000 shares of restricted-stock units to its CEO, Lisa Leslie. Each unit has a fair value of $30 per share, which is equal to the fair value of one share of stock. Additional information is as follows. The service period related to the restricted stock units is 3 years. Vesting occurs if Leslie stays with the company for 3 years. The par value of the stock is $1 per share.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. On 1/1/2020 Coopers issued 20 restricted stock shares when the stock was selling for $22. The stock has a $1 par and vesting occurs after two years.  Prepare the necessary entries for all of the dates assuming the employees are still working for the company in 2 years.
  2. On 1/1/2020 Coopers issued 2,000 shares of restricted-stock units to its CEO, Lisa Leslie. Each unit has a fair value of $30 per share, which is equal to the fair value of one share of stock. Additional information is as follows.
  • The service period related to the restricted stock units is 3 years.
  • Vesting occurs if Leslie stays with the company for 3 years.
  • The par value of the stock is $1 per share.

 Prepare the necessary entries for all of the dates assuming the employees are still working for the company in 3 years.

 

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