Chapter 19, Problem 19.4P

a.

To determine

Introduction

Special appreciation right is given to employees to encourage the efforts that they are putting into the success of the organization. The compensation expense and liability are measured at each balance sheet date until the plan gets settled.

Requirement 1

The compensation expense for the Years 2022, 2023, and 2024.

b.

To determine

Introduction

Special appreciation right is given to employees to encourage the efforts that they are putting into the success of the organization. The compensation expense and liability are measured at each balance sheet date until the plan gets settled.

Requirement 2:

To prepare: The journal entries to record the plan.