INTERMEDIATE ACCOUNTING 2CHAPTER 13: SHARE-BASED PAYMENTS (PART 2)Instructions: Make a journal entry Use the following information for the next five questions:Avery Company granted 5,000 share appreciation rights (SARS) to employees for services on January1, 2018. Employees earn a cash payment equal to the appreciation in the share price between January1, 2018 and December 31, 2020. The share appreciation rights vest on December 31, 2020.Fair value of each SAR10DateNo. of SARS expected to vest1-Jan-184,5004,5004,7504,85031-Dec-181231-Dec-192131-Dec-2018

Expense to be recorded: (Fair value of SAR × No. of SARs expected to vest) - Expense already…

Answered: Make a journal entry

Business

Accounting

Make a journal entry

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

INTERMEDIATE ACCOUNTING 2

CHAPTER 13: SHARE-BASED PAYMENTS (PART 2)

Instructions: Make a journal entry

Use the following information for the next five questions:
Avery Company granted 5,000 share appreciation rights (SARS) to employees for services on January
1, 2018. Employees earn a cash payment equal to the appreciation in the share price between January
1, 2018 and December 31, 2020. The share appreciation rights vest on December 31, 2020.
Fair value of each SAR
10
Date
No. of SARS expected to vest
1-Jan-18
4,500
4,500
4,750
4,850
31-Dec-18
12
31-Dec-19
21
31-Dec-20
18

Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.

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