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On January 2 2016 Dekker Company grants each of its 15 new employees 200 restricted share units Each of the time

On January 2, 2016, Dekker Company grants each of its 15 new employees 200 restricted share units. Each of the time-vested restricted share units entitles the employee to receive one share of Dekker common stock if they remain an employee of the company for 2 years. On January 2, 2016, shares of Dekker’s $2 par value common are trading at $52 per share. Dekker estimates that 12 of the 15 employees will complete 2 years of service with the company. At the end of 2017, Dekker reported that four employees left the company before completing the service period. Required: 1. Prepare a schedule of Dekker’s computations for its restricted share unit plan for 2016 and 2017 (round all computations to the nearest dollar). 2. Prepare all journal entries for the restricted share unit plan for 2016 and 2017.

Apr 24 2020 View more View Less

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