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pls reply fast and accurate hensive Assessment Saved IT Solutions Ltd. has a cash-settied SARs program for employees. These employees will receive a cash payment
pls reply fast and accurate
hensive Assessment Saved IT Solutions Ltd. has a cash-settied SARs program for employees. These employees will receive a cash payment after five years of service, colculated as the excess of share price over $6.00. In early 20X1, employees in total are granted 70,000 units in the program The fair value of one SARs unit is estimated at $1 at the end of 20X1. $3 at the end of 20X2, and $2 at the end of 20x3. Estimated retention is 90% at the end of 20X1, 88% at the end of 20x2, and 75% at the end of 2003. The payment is made of the end of 20x5 Required: Provide the journal entry to be recorded with respect to the SARS program at the end of 20x120x2, and 2003. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the entry for issue of cash-settled SARS to employees. Total debit before credit, Year General Journal Debit Credit 20X1 Step by Step Solution
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