Solution-Prepare all journal entries for the years ended

Prepare all journal entries for the years ended December

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Reference no: EM132737316

Problem - On December 31, 2016, Wesley Inc. granted 4,000 share appreciation rights (SARs) to its employees. When exercised, each SAR paid out the current market price of the common shares less $34 (the market price of the common shares on the date of the SAR grant). The vesting period ended on December 30, 2018, and the exercise period ended on December 31, 2019.

Information on Wesley Inc.'s plan is as follows:

Year end	Fair value per SAR	Estimated number of SARs vesting	Average cash paid out on exercise	Number of SARs exercised
Dec 31, 2016	$8	90%	-	-
Dec 31, 2017	15	93%	-	-
Dec 31, 2018	22	92% (actual)	$18	2,100
Dec 31, 2019	-	-	14	1,580

Required - Prepare all journal entries for the years ended December 31, 2017, through December 31, 2019, inclusive.

Reference no: EM132737316

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Prepare all journal entries for the years ended December

Reference no: EM132737316

Reference no: EM132737316

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