INTERMEDIATE ACTG LOOSELEAF W/ ACCESS
INTERMEDIATE ACTG LOOSELEAF W/ ACCESS
10th Edition
ISBN: 9781264397488
Author: SPICELAND
Publisher: MCG
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Chapter 19, Problem 19.20Q

(Based on Appendix B) LTV Corporation grants SARs to key executives. Upon exercise, the SARs entitle executives to receive either cash or stock equal in value to the excess of the market price at exercise over the share price at the date of grant. How should LTV account for the awards?

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