hard · Financial Accounting accounting-cycle-financial-statements
A firm grants 30,000 restricted stock units (RSUs) to employees on January 1, Year 1. The grant-date fair value is $20 per share, and the shares vest straight-line over a 3-year service period.
What is the impact on the income statement and balance sheet at the end of Year 1?
- Expense of $600,000; Decrease in Retained Earnings of $600,000
- Expense of $200,000; Increase in Treasury Stock of $200,000
- Expense of $200,000; Increase in APIC of $200,000
- No income statement effect; Decrease in Cash of $200,000
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