Facebook Inc. included the following disclosure note

disclosure note

Facebook Inc. included the following disclosure note in an annual report:   Share-Based Compensation (in part) . . . compensation expense related to these grants is based on the grant date fair value of the RSUs and is recognized on a straight-line basis over the applicable service period.   The following table summarizes the activities for our unvested RSUs for the year ended December 31, 2013:     Number of Shares (in thousands)   Weighted Average Grant Date Fair Value                          Unvested at December 31, 2012     116,044         $ 21.68            Granted     54,860           33.54            Vested     (49,050 )         17.26            Forfeited     (16,367 )         25.61                               Unvested at December 31, 2013     105,487         $ 28.80         Required: 1. Assuming a four-year vesting period, how much compensation expense did Facebook report in the year ended December 31, 2014, for the restricted stock units granted during the year ended December 31, 2013? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUs during the year ended December 31, 2013. (Facebook’s common shares have a par amount per share of $0.000006. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answer in whole dollars.)

Check your essay before you submit. See exactly what your professor sees.

See your AI and plagiarism results before your instructor does.Get the exact same report your professor uses. Trusted by 50,000+ students worldwide.

Get Plagiarism Report Humanize My Essay