ACCT 320 Hinson 11-1 Week Eleven Practice Exercises

ACCT 320 Hinson 11-1 Week Eleven Practice Exercises -...

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ACCT 320 Assignment 11-1 Week Eleven Practice Exercises Jamie Hinson November 17, 2008 E19-2 1. Market value per share $2.50 Shares awarded 12,000,000 Total compensation $30,000,000 2. Compensation expense (30 million / 0 years) $0 Paid-in capital – restricted stock $0 3. Compensation expense (30 million / 1 years) $30,000,000 Paid-in capital – restricted stock $30,000,000 4. Compensation expense (30 million / 2 years) $15,000,000 Paid-in capital – restricted stock $15,000,000 5. Compensation expense (30 million / 3 years) $10,000,000 Paid-in capital – restricted stock $10,000,000
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6. Paid-in capital – restricted stock (12 million shares at $2.50)
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Unformatted text preview: $30,000,000 Common stock $12,000,000 Paid-in capital – excess of par $18,000,000 E19-4 1. Market value per option $3 Options awarded 4,000,000 Total compensation $12,000,000 2 - 4. Compensation expense ($12,000,000 / 5 years) $2,400,000 Paid-in capital - stock options $2,400,000 E19-12 $2,000,000 / 950,000 = $2.11 EPS E19-13 9.5% X $100 X 8,000 = $76,000 Preferred dividends-114,000 – 76,000 = -190,000 373,000 – 12,000 = 361,000 shares (190,000) / 361,000 = ($0.53)...
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This note was uploaded on 09/08/2010 for the course ACCOUNTING 320 taught by Professor Hickman during the Spring '10 term at Heidelberg.

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ACCT 320 Hinson 11-1 Week Eleven Practice Exercises -...

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