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An employee receives 20,000 SARs based on current market price of $20 per share. Service...

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Accounting

An employee receives 20,000 SARs based on current market price of $20 per share. Service period is 2 years. At end of 2 years, employee receives cash equal to stock price increase. 12/31/yr 1 stock price is $24. 12/31/yr 2 stock price is $28.

a. What is the journal entry at grant date?

b. What is the journal entry at the end of year one?

c. What are the two journal entries at the end of year two?

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