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All of it correct ty! Prepare the appropriate journal entries pertaining to the SARs on January 1,2024 and December 31, 2024-December 31, 2027. The SARs
All of it correct ty!
Prepare the appropriate journal entries pertaining to the SARs on January 1,2024 and December 31, 2024-December 31, 2027. The SARs remain unexercised on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 2 dedmal places (0,0,4,5,50,000 should be entered as 5,50 ). Journal entry worksheet of the SARs is estimated at $3.00 per SAR and the SARs remain unexercised. Hotet Emer debis before credits. The SARs are exercised on June 6,2029 , when the share price is $57, and executives choose to receive the market price appreciation in cash. Prepare the appropriate journal entry(s) on that date. Vote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round ntermediate calculations. Enter your answers in millions rounded to 1 decimal place (1.e, 5,500,00.2 should be entered as 5.5). Show less. Journal entry worksheet Prepare the appropriate journal entries pertaining to the SARs on January 1,2024 and December 31, 2024-December 31,2027 . The SARs remain unexercised on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in milions rounded to 2 decimal places (i.e, 5,550,000 should be entered as 5.50 ). Journal entry worksheet Record any necessary journal entry on December 31,2024 when the fair value of the SARs is estimated at $6.00 per SAR. Note Enter debits befoce credits As part of its stock-based compensation package, International Electronics granted 13 million stock appreciation rights (SARs) to top officers on January 1,2024 - At exercise, holders of the SARs are entiled to receive cash or stock equal in value to the excess of the market price at exercise over the share price at the date of grant. - The SARs cannot be exercised until the end of 2027 (vesting date) and expire at the end of 2029 - The $1 par common shares have a market price of $53 per share on the grant date - The fair value of the SARs, estimated by an appropriate option pricing model, is \$5.00 per SAR at January 1, 2024 - The fair value re-estimated at December 31,2024,2025,2026,2027, and 2028 , is $6.00,$5.00,$5,$160, and $3.00, respectively - All recipients are expected to remain employed through the vesting date. Required: 1. to 3. Prepare the appropriate journal entries pertaining to the SARs on January 1,2024 and December 31, 2024-December 31, 2027. The SARs remain unexercised on December 31, 2028, prepare the appropriate entry. 4. The SARs are exercised on June 6,2029 , when the share price is $57, and executives choose to recelve the market price appreciation in cash. Prepare the appropriate journal entry(s) on that date. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries pertaining to the SaRs on 3anuary 1,2024 and December 31,2024 -December 31,2027 . The SARs remain unexerclsed on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in minions rounded to 2 decimal places (0.0,4,550,000 should be entered as 5.50). Journal entry worksheet Note: Enter debats befoet oredits. Prepare the appropriate foumal entries pertaining to the SARs on January 1,2024 and December 31,2024 December 31,2027, The SARs remsin unevercised on December 31,2028 , prepare the appropriate entry. Note: if no entry is required for a transactionvevent, select "Wo journal entry required" in the first account field. Do not round intermediate calculations, Enter your answers in milliong rounded to 2 decimal places (i,e, 5,550,000 should be entered as 5,50). Journal entry worksheet Notes Enter debts before credits. Prepare the appropriate journal entries pertaining to the SaRs on 3anuary 1,2024 and December 31,2024 -December 31,2027 . The SARs remain unexerclsed on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in minions rounded to 2 decimal places (0.0,4,550,000 should be entered as 5.50). Journal entry worksheet Note: Enter debats befoet oredits. Prepare the appropriate journal entries pertaining to the SARs on January 1, 2024 and December 31, 2024-Decernber 31, 2027, The SARs remain unexercised on December 31,2028 , prepare the appropriate entry. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round Intermediate calculations. Enter your answers in millions rounded to 2 decimal places (1,e,y,5,50,000 should bo entered as 5.5,0). Show lessa Journal entry worksheet Record any necessary journal entry on December 31, 2026 when the fair value of the SARs is estimated at $5,00 per SAR. Note: Enter debits before sredits. Prepare the appropriate journal entries pertaining to the SARs on January 1,2024 and December 31, 2024-December 31,2027 . The SARs remain unexercised on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in milions rounded to 2 decimal places (i.e, 5,550,000 should be entered as 5.50 ). Journal entry worksheet Record any necessary journal entry on December 31,2024 when the fair value of the SARs is estimated at $6.00 per SAR. Note Enter debits befoce credits Prepare the appropriate journal entries pertaining to the SARs on January 1, 2024 and December 31, 2024-December 31,2027, The SARs remain unexercised on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Do not round intermediate calculations. Enter your answers in militions rounded to 2 decimal places (1.e., 5,550,000 should be entered as 5.50). Journal entry worksheet Record the award of 13 million SARs on January 1, 2024 when the market price of the stock is $53 per share and the fair value of the SARs is $5.00 per SAR. Notes Enter debits before credis. The SARs are exercised on June 6,2029 , when the share price is $57, and executives choose to receive the market price appreciation in cash. Prepare the appropriate journat entry (s) on that date. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in milions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5 ). Show lessa Journal entry worksheet Record any necessary adjustment to compensation expense. Note: Enter debits before credits. Prepare the appropriate journal entries pertaining to the SARs on January 1, 2024 and December 31, 2024-December 31,2027, The SARs remain unexercised on December 31,2028 , prepare the appropriate entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Do not round intermediate calculations. Enter your answers in militions rounded to 2 decimal places (1.e., 5,550,000 should be entered as 5.50). Journal entry worksheet Record the award of 13 million SARs on January 1, 2024 when the market price of the stock is $53 per share and the fair value of the SARs is $5.00 per SAR. Notes Enter debits before credis. As part of its stock-based compensation package, International Electronics granted 13 million stock appreciation rights (SARs) to top officers on January 1,2024 - At exercise, holders of the SARs are entiled to receive cash or stock equal in value to the excess of the market price at exercise over the share price at the date of grant. - The SARs cannot be exercised until the end of 2027 (vesting date) and expire at the end of 2029 - The $1 par common shares have a market price of $53 per share on the grant date - The fair value of the SARs, estimated by an appropriate option pricing model, is \$5.00 per SAR at January 1, 2024 - The fair value re-estimated at December 31,2024,2025,2026,2027, and 2028 , is $6.00,$5.00,$5,$160, and $3.00, respectively - All recipients are expected to remain employed through the vesting date. Required: 1. to 3. Prepare the appropriate journal entries pertaining to the SARs on January 1,2024 and December 31, 2024-December 31, 2027. The SARs remain unexercised on December 31, 2028, prepare the appropriate entry. 4. The SARs are exercised on June 6,2029 , when the share price is $57, and executives choose to recelve the market price appreciation in cash. Prepare the appropriate journal entry(s) on that date. Complete this question by entering your answers in the tabs below. The SARs are exercised on June 6,2029 , when the share price is $57, and executives choose to receive the market price appreciation in cash. Prepare the appropriate journat entry (s) on that date. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in milions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5 ). Show lessa Journal entry worksheet Record any necessary adjustment to compensation expense. Note: Enter debits before credits Step by Step Solution
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