Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. noogle inc. issues restricted stock units (rsus) t

Noogle Inc. issues Restricted Stock Units (RSUs) to the majority of their employees. On January...

90.2K

Verified Solution

Question

Accounting

Noogle Inc. issues Restricted Stock Units (RSUs) to the majority of their employees. On January 1, 2021 Noogle issued 2 million RSU's to employees and at the time the current market price of the shares was $15 per share, although by the end of the year, the stock price had fallen to $12 per share. The shares are subject to forfeiture if employees leave the company within 3 years, and Noogle estimates a forfeiture rate of 10%.

How much compensation expense should Noogle record for 2021 in connection with these RSUs.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A computer consulting firm presently has bids out on three projects. Let Ai = {awarded project i}, for i...

Statistics
Q

Which orbital properties of extrasolar planets can be measured and what methods are used to make...

Physics
Q

You are getting together to start a company that sells widgets for consumer products. As part...

General Management
Q

3 List three ways that these cells destroy these invaders STY

Biology
Q

5 44 In the AC circuit shown in figure 5 299 the voltmeter whose reading...

Physics
Q

Ivan bought a 1000 bond with a 4 5 coupon that matures in 30 years...

Geometry
Q

From previous studies it is concluded that 30 of phone numbers in a certain city...

Statistics
Q

Find the relationship between the value of parameter p and the number of solutions of...

Algebra
Q

9. During 2020 Mary Moore, an airline pilot, received wages of $134,000. Her airline provided...

Accounting
Q

Required information [The following information applies to the questions displayed below] Milea Incorporated experienced the...

Accounting
Q

Accounting
Q

warehouse management control, suppliers, packaging, government regulations,...

Accounting