On January 1, 2024, Fanny Services granted 24 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. The common shares have a market price of $10 per share on the grant date. Ignoring taxes, what is the effect of the award of restricted stock units on 2024 earnings? O $0 million. O $60 million. O $24 million. O $240 million.
On January 1, 2024, Fanny Services granted 24 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. The common shares have a market price of $10 per share on the grant date. Ignoring taxes, what is the effect of the award of restricted stock units on 2024 earnings? O $0 million. O $60 million. O $24 million. O $240 million.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 8RE: On January 2, 2019, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the...
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![On January 1, 2024, Fanny Services granted 24 million of its $1 par common shares to executives, subject to forfeiture
if employment is terminated within four years. The common shares have a market price of $10 per share on the grant
date. Ignoring taxes, what is the effect of the award of restricted stock units on 2024 earnings?
O $0 million.
O $60 million.
O $24 million.
O $240 million.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ab7b76d-4a6d-4c44-95e7-839a085dc972%2Fb2a6bd0f-daec-4cb9-be17-29fab5137e6e%2Fgj632rq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On January 1, 2024, Fanny Services granted 24 million of its $1 par common shares to executives, subject to forfeiture
if employment is terminated within four years. The common shares have a market price of $10 per share on the grant
date. Ignoring taxes, what is the effect of the award of restricted stock units on 2024 earnings?
O $0 million.
O $60 million.
O $24 million.
O $240 million.
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