Reference no: EM132848309
Question - Frustration Fortitude Corp. (FFC) initiated a cash-settled share appreciation rights (SARs) plan for its employees on January 1, 20X1. At that time, it granted 100 SARs to each of its 200 employees. The SARs vest on December 31, 20X4, and expire on December 31, 20X6. The benchmark price was $42. The fair value of the SARs as determined using an option-pricing model, together with the corresponding market price of the shares, is detailed below:
Date Fair value of one SAR Share price
January 1, 20X1 $7 $42
December 31, 20X1 $9 $45
December 31, 20X2 $11 $44
When the SARs were granted on January 1, 20X1, FFC estimated that 140 of the employees would continue working for the company for the duration of the vesting period and qualify for the SARs. At the 20X1 year end, 16 of the eligible 200 employees had left the company, and it was estimated that another 46 would leave during the remaining vesting period. During 20X2, an additional 24 of the remaining eligible employees left the company, and it was estimated that a further 15 would leave before the SARs vested. FFC's year end is December 31. What is the amount of compensation expense FFC will record for its year ended December 31, 20X2?
|
Population genetics
: Decreases in genetic variation through decreases in effective population size, and explore some ways effective population size is reduced?
|
|
What are the important features of job order costing
: Define job costing. What are the advantages and disadvantages of job costing? What are the important features of job order costing
|
|
Investigating the formation of the oldest rocks
: Imagine that you're investigating the formation of the oldest rocks in the Appalachian Mountains. If it was up to you, would you use fossils to date these rocks
|
|
What is amount of loss that Purple Company should recognize
: Purple company had determined its December 31, 2019 inventory on a FIFO basis at P200,000. What is amount of loss that Purple Company should recognize
|
|
What is the amount of compensation expense FFC will record
: FFC's year end is December 31. What is the amount of compensation expense FFC will record for its year ended December 31, 20X2
|
|
What is the net amount
: The legal fees were accounted for using the offset method. What is the net amount that will be credited to HFC's common share account because of transaction
|
|
What is the net new long-term debt
: If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt
|
|
What was Tanner April cash balance per the bank statement
: Bank service charges are $61. Assuming there are no other reconciling items, what was Tanner's April 30 cash balance per the bank statement
|
|
How much is the additional premium
: If the risk-free rate is 5.5% and the market risk premium is 6%, how much is the additional premium that XYZ, Inc. shareholders require
|