Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help, not sure where I went wrong. Any help would be greatly appreciated. Thanks Exercise 143 On January 1, 2017, Orn Co. established a

image text in transcribedimage text in transcribedNeed help, not sure where I went wrong. Any help would be greatly appreciated. Thanks

Exercise 143 On January 1, 2017, Orn Co. established a stock appreciation rights plan for its executives. They could receive cash at any time during the next four years equal to the difference between the market price of the common stock and a preestablished price of $17 on 440,000 SARs. The market price is as follows: 12/31/17 s23; 12/31/18-s 18; 12/31/19 $20; 12/31/20 $21. On December 31, 2019, 65000 SARs are exercised, and the remaining SARs are exercised on December 31, 2020. Your answer is partially correct. Try again. Prepare a schedule that shows the amount of compensation expense for each of the four years starting with 2017. (If the compensation decreases from prior year enter the amount as a negative number in the table eg. 25,000 or (25,000). Do not leave any answer field blank. Enter 0 for amounts.) Schedule of Compensation Expense Market Accrued Set Val Percent of SARs to Date 12/31/17 132000) E 440000 Et 50 1300000 12/31/18 12/31/19 20 1320000 t 12/21/20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Component Based Development In Global Teams

Authors: J. Kotlarsky, I. Oshri

2009 Edition

0230222447, 978-0230201101

More Books

Students also viewed these Accounting questions

Question

understand the meaning of the terms discipline and grievance

Answered: 1 week ago