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What is the adjusting journey entry recorded at the end

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On Jan 1, 20x3, Madison company granted 1000 stock appreciation rights to its to its key executive. The key executive can exercise these SARS anytime after Jan 1 20x5 up to Dec 31, 20x7. On the grant date the pre set SAR price of the related common stock are the same, $17 per share.

At the end of the next to years the year end market price per share of the stock was as follows:

12/31/x3           $19
12/31/x4           $17

Problem 1: What is the adjusting journey entry recorded at the end of 12/31/x4?

Reference no: EM132885465

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