Intermediate Accounting, Student Value Edition (2nd Edition)
Intermediate Accounting, Student Value Edition (2nd Edition)
2nd Edition
ISBN: 9780134732145
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 19, Problem 19.7E

a.

To determine

The value of compensation expense of the company, as per IFRS.

Giveninformation:

Number of shares granted as SARs is 200,000

Vesting period is 3 years.

Pre-established price at the beginning of the year is $55.

Fair value of SAR as on December 31, 2018 is $7.

Fair value of SAR as on December 31, 2019 is $13.

Fair value of SAR as on December 31, 2020 is $11.

b.

To determine

To prepare: The journal entries of the value of compensation expense of the company as per IFRS.

Given information:

Number of shares granted as SARs is 200,000

Vesting period is 3 years.

Pre-established price at the beginning of the year is $55.

Fair value of SAR as on December 31, 2018 is $7.

Fair value of SAR as on December 31, 2019 is $13.

Fair value of SAR as on December 31, 2020 is $11.

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What were the liabilities at December 31 ?
Trendy T's Corporation manufactures t-shirts, which is its only product. The standards for t-shirts are as follows: Standard direct materials cost per yard $ 9 Standard direct materials quantity per t-shirt (yards) 2 During the month of May, the company produced 1,550 t-shirts. Related production data for the month follows: Actual yards of direct material purchased Actual direct materials total cost 1,200 $ 20,800 What is the direct materials quantity variance for the month? A. $17,100 favorable B. $10,000 favorable C. $17,100 unfavorable D. $10,000 unfavorable

Chapter 19 Solutions

Intermediate Accounting, Student Value Edition (2nd Edition)

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