Business, 31.07.2019 05:20 Chartwig1908
Phn foods granted 18 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. the common shares have a market price of $5 per share on january 1, 2017, the grant date. required: 1. what journal entry will phn foods prepare to record executive compensation regarding these restricted shares at december 31, 2017 and december 31, 2018? 2. when calculating diluted eps at december 31, 2018, what will be the net increase in the denominator of the eps fraction if the market price of the common shares averages $5 per share during 2018?
Answers: 3
Business, 21.06.2019 14:00, dinadenoirefan
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Business, 22.06.2019 03:00, jayzeptor
For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.
Answers: 3
Business, 22.06.2019 18:00, theflash077
Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less
Answers: 1
Phn foods granted 18 million of its no par common shares to executives, subject to forfeiture if emp...
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