INTERMEDIATE ACCT CONNECT ACCESS
INTERMEDIATE ACCT CONNECT ACCESS
16th Edition
ISBN: 9781264025763
Author: SPICELAND
Publisher: INTER MCG
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Chapter 19, Problem 19.1BE
To determine

Restricted stock: These are the share-based awards provided as compensation plans provided as incentives to the employees which include right to receive the shares and are restricted to employees’ extended tenure. The two variants of restricted stock are restricted stock awards, and restricted stock units.

Restricted stock awards: These are the shares which are granted in the name of the employee but the ownership is retained by company. But the employee possesses the rights as shareholders, with some restriction on forfeiture.

To determine: The compensation cost of restricted shares, and mention the effect of granted shares on the earnings

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Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $5,350,000. OMB apportions one-fourth of the appropriation for the first quarter of the year. The director of the agency allots $1,202,000 to program units. Program units place orders of $865,000. Supplies ($141,500) and services ($582,500) are received during the first quarter. Supplies of $130,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter.
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