1. On Jan. 1, 20x1, Road Co. granted 1,000 share appreciationrights (SARS) to employees with the condition that theemployees remain in service over the next three years.Information on the SARS is as follows:eDateNo. of SARS expected to vestFair value of each SARJan. 1. 20x11,00020Dec. 31, 20x190024Dec. 31, 20x280030Dec. 31, 20x375032All of the 750 SARS that vested were exercised on Dec. 31, 20XI.The intrinsic value (which is equal to the cash paid out) is equal tothe fair value of the SARS of P32 on Dec. 31, 20x3.Requirement: Provide all the necessary journal entries.

Name: 1. On Jan. 1, 20x1, Road Co. granted 1,000 share appreciationrights (
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Description: 1. On Jan. 1, 20x1, Road Co. granted 1,000 share appreciationrights (SARS) to employees with the condition that theemployees remain in service over the next three years.Information on the SARS is as follows:eDateNo. of SARS expected to vestFair valu

On Jan 1,20x1: = Number of SAR × Fair value = 1000 × 20 = 20000 On Dec 31,20x1: = (Number of…

Answered: : Provide all the necessary journal…

Business

Accounting

: Provide all the necessary journal entries.

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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