oration provides restricted stock to certain executives. Under the plan, the com

Question

oration provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on The Peac January 1, 2018, which vest in four years. The fair value of the sh h Corp ares is $13 6. No forfeitures are anticipated. Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the restricted stock 2 & 3. Prepare the appropriate journal entries (if any) e this question by entering your answers in the tabs below. Req Req 2 and 3 Determine the total compensation cost pertaining to the restricted stock. (Enter your answers in millions (i.e, 10,000,0o0 should be entered as 10).) Total c ation cost million Req 2 and 3 >

Explanation / Answer

1 Total compensation cost = 30*13.6= $408 million 2 Jan-1-18 No entry is required Dec-31-18 Compensation expense 102 =408/4         Pais in capital-Restricted Stock 102

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