Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pineapple Express established a cash-settled share appreciation right (SAR) plan for its employees on January 1, 2022. At that time, 500,000 SARS were granted, fair

Pineapple Express established a cash-settled share appreciation right (SAR) plan for its employees on January 1, 2022. At that time, 500,000 SARS were granted, fair value of the SARS was $6 per SAR. The SARS vest in 2 years, and expire on January 1, 2030. The benchmark price is $25. Other information is as follows: What is compensatiorkexpense for the year ended December 31, 2023? O a. $1,622,500 b. 4,185,000 c. $2,522,500 d. $(1,395,000)

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

17th Edition

1260247783, 978-1260247787

More Books

Students also viewed these Accounting questions