Reference no: EM133073436
Question - TINCTURE Company granted 300 share appreciation rights to each of the 500 employees on January 1, 2020. The rights are due to vest on December 31, 2023 with payment being made on December 31, 2023 and expire on December 31, 2024. Only 75% of the awards vested.
Share Price
January 1, 2020 (pre-determined price) 150
December 31, 2020, 2021 and 2022 180
December 31, 2023 210
December 31, 2024 190
The share appreciation rights were exercised on December 31, 2024.
Required -
A. Make all necessary entries for the year.
B. Compute for the compensation expense for:
1) 2020
2) 2022
3) 2023
4) 2024
B. Compute for the accrued salaries payable for the year ended:
5) 2020
6) 2021
7) 2023
8) 2024 (prior to the exercise of the rights)
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