Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3 question 3 the gordon company issued 30,000 shar

3 Question 3 The Gordon Company issued 30,000 share appreciation rights to their...

90.2K

Verified Solution

Question

Accounting

image

3 Question 3 The Gordon Company issued 30,000 share appreciation rights to their employees on January 2, 20x1. The vesting period ends on June 30, 30x3 and the exercise period ends on December 31, 20x4. Data with regards to the plan is as follows: Average Cash paid per SAR when exercised Date Fair value per SAR Management's estimate of SARS vesting 90% 88% 85% (actual) $3.25 4.36 Dec 31, 20x1 Dec 31, 20x2 June 30, 20x3 Dec 31, 20x3 Dec 31, 20x4 3.30 3.85 1.96 A total of 16,000 SARS were exercised in 20x3 and the remainder were exercised in 20x4. Required Prepare the journal entries for the life of the SARS. 3 Question 3 The Gordon Company issued 30,000 share appreciation rights to their employees on January 2, 20x1. The vesting period ends on June 30, 30x3 and the exercise period ends on December 31, 20x4. Data with regards to the plan is as follows: Average Cash paid per SAR when exercised Date Fair value per SAR Management's estimate of SARS vesting 90% 88% 85% (actual) $3.25 4.36 Dec 31, 20x1 Dec 31, 20x2 June 30, 20x3 Dec 31, 20x3 Dec 31, 20x4 3.30 3.85 1.96 A total of 16,000 SARS were exercised in 20x3 and the remainder were exercised in 20x4. Required Prepare the journal entries for the life of the SARS

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What is the structure and style of this excerpt from a sample personal essay?A. The...

Programming
1.2K views

Smaller index Complete the following function according to its docstring using a while loop. The lists we...

Biology
1.2K views

ces When sodium flows through open voltage gated channels the membrane Multiple Choice O hyperpolarizes...

Physics
1.2K views

A rod of length L whose lower end is fixed along the horizontal plane starts...

Geometry
1.2K views

Use the congruency statement to state corresponding congruent parts 16 AKIT AEAS 17 ALMO ANOM...

Calculus
1.2K views

find a Cartesion equation for r 6 0050 Graph it

Accounting
1.2K views

Carlise has identified the following information about its overhead activity pools and the two product...

Accounting
1.2K views

Instrucciones: Utilice la siguiente informacin para responder a la siguiente pregunta. Cul fue la cantidad...

Accounting
1.2K views

How do you plan to promote your products or services to attract your target audience?

Accounting
1.2K views

The planning budget for March was based on production and selling 28,000 units however during...

Accounting
1.2K views

What is your opinion...Do you think global (international) business will increase or decrease in the...

Finance
1.2K views

Southern Alliance Company needs to raise $80 million to start a new project and will...