Tweet Incorporated included the following disclosure note in an annual report: Share-Based Compensation (in part) ...compensation expense related to these grants is based on the grant date fair value of the RSUS and is recognized on a straight-line basis over the applicable three-year vesting period. The following table summarizes the activities for our unvested RSUS for the year ended December 31, 2024: Unvested at December 31, 2023 Granted Vested Forfeited Unvested at December 31, 2024 Number of Shares 115,500 57,300 (49,400) (15,900) 107,500 Required: 1. Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted stock units granted during the year ended December 31, 2024. Weighted Average Grant Date Fair Value $ 22.50 30.60 18.10 26.40 $ 28.26 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2024. (Tweet's common shares have a par amount per share of $0.01.) Required 1 Required 2 Complete this question by entering your answers in the tabs below. Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted stock units granted during the year ended December 31, 2024. Compensation expense < Required 1 Required 2 >
Tweet Incorporated included the following disclosure note in an annual report: Share-Based Compensation (in part) ...compensation expense related to these grants is based on the grant date fair value of the RSUS and is recognized on a straight-line basis over the applicable three-year vesting period. The following table summarizes the activities for our unvested RSUS for the year ended December 31, 2024: Unvested at December 31, 2023 Granted Vested Forfeited Unvested at December 31, 2024 Number of Shares 115,500 57,300 (49,400) (15,900) 107,500 Required: 1. Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted stock units granted during the year ended December 31, 2024. Weighted Average Grant Date Fair Value $ 22.50 30.60 18.10 26.40 $ 28.26 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2024. (Tweet's common shares have a par amount per share of $0.01.) Required 1 Required 2 Complete this question by entering your answers in the tabs below. Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted stock units granted during the year ended December 31, 2024. Compensation expense < Required 1 Required 2 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Tweet Incorporated included the following disclosure note in an annual report:
Share-Based Compensation (in part)
...compensation expense related to these grants is based on the grant date fair value of the RSUS and is recognized on a straight-line
basis over the applicable three-year vesting period.
The following table summarizes the activities for our unvested RSUs for the year ended December 31, 2024:
Unvested at December 31, 2023
Granted
Vested
Forfeited
Unvested at December 31, 2024
Number of Shares
115,500
57,300
(49,400)
(15,900)
107,500
Required:
1. Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted stock
units granted during the year ended December 31, 2024.
Weighted Average
Grant Date Fair
Value
$ 22.50
30.60
18.10
26.40
$ 28.26
2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during
the year ended December 31, 2024. (Tweet's common shares have a par amount per share of $0.01.)
Required 1 Required 2
Complete this question by entering your answers in the tabs below.
Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted
stock units granted during the year ended December 31, 2024.
Compensation expense
Required 1
Required 2 >
Transcribed Image Text:Required 1 Required 2
Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year
ended December 31, 2024. (Tweet's common shares have a par amount per share of $0.01.)
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
View transaction list
Journal entry worksheet
1
Record the vesting of RSUS during the year ended December 31, 2024. Note
that Tweet's common shares have a par amount per share of $0.01.
Note: Enter debits before credits.
Date
December 31, 2024
Record entry
General Journal
Clear entry
Debit Credit
View general journal
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