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Novak, Inc. established a stock-appreciation rights (SARs) program on January 1, 2025, which entitles executives to receive cash at the date of exercise for the
Novak, Inc. established a stock-appreciation rights (SARs) program on January 1, 2025, which entitles executives to receive cash at the date of exercise for the difference between the market price of the stock and the pre-established price of $21 on 4,900 SARs. The required service period is 2 years. The fair value of the SARs are determined to be $4 on December 31, 2025, and $10 on December 31, 2026. Compute Novaks compensation expense for 2025 and 2026
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
