On January 1, 2022 Crystal Company granted restricted stock units (RSUs) representing 32.7 million of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
On January 1, 2022 Crystal Company granted restricted stock units (RSUs) representing 32.7 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $7.4 per share on the grant date. Required: 1. Ignoring taxes, determine the total compensation cost pertaining to the restricted stock units. 2. What is the effect on earnings in the year 2023 as a result of this RSU
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: Flex AI - Your personal assistant for all your inquiries!
