Question
hi can you help me solve this question? it is all about entries on share appreciation rights... Thank you A. On January 1, 2018, Camil
hi can you help me solve this question? it is all about entries on share appreciation rights... Thank you
A. On January 1, 2018, Camil Company grants 100 cash share appreciation rights to each of its 400 employees, on the condition that the employees remain in its employ at least until December 31, 2020.
The number of employees who left during 2018 and the estimated number of employees still expectedto leave untilDecember 31, 2020 as estimated at the end of 2018 and 2019 are as follows:
2018: 20 employees left, 35 employees expected to leaveuntil December 31, 2020.
2019: 15 employees left, revised estimate, 15 employees expected to leaveuntil December 31, 2020.
2020:10 employees left.
The entity estimates the fair values of the SAR'sat the end of each year as follows:
2018-P12.402021-P18.00
2019-P15.202022-P21.00
2020-P16.40
The market values of the ordinary share are available on the following dates:
January 1, 2018-P60.00December 31, 2020 -P76.40
December 31, 2018 -P71.00December 31, 2021 -P78.00
December 31, 2019 -P74.00December 31, 2022 -P81.00
All share appreciation rights were exercised on December 31, 2022.
Required:
Entries to record transactions from 2018 to 2022
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