IT Solutions Ltd . has a cash - settled SARs program for employees. These employees will receive
Fantastic news! We've Found the answer you've been seeking!
Question:
IT Solutions Ltd has a cashsettled SARs program for employees. These employees will receive a cash payment after five years of service, calculated as the excess of share price over $ In early X employees in total are granted units in the program.
The fair value of one SARs unit is estimated at $ at the end of X $ at the end of X and $ at the end of X Estimated retention is at the end of X at the end of X and at the end of X The payment is made at the end of X
Required:
Provide the journal entry to be recorded with respect to the SARS program at the end of XX and XIf no entry is required for a transactionevent select No journal entry required\" in the first account field. Do not round intermediate calculations.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
Posted Date: