Question: ------------------------------------------------------------------------------------------------------------------------------------------------------- Bramble, Inc. established a stock-appreciation rights (SARs) program on January 1, 2020, which entitles executives to receive cash at the date of exercise for

------------------------------------------------------------------------------------------------------------------------------------------------------- Bramble, Inc. established a stock-appreciation rights (SARs) program on January 1,

-------------------------------------------------------------------------------------------------------------------------------------------------------

2020, which entitles executives to receive cash at the date of exercise

Bramble, Inc. established a stock-appreciation rights (SARs) program on January 1, 2020, 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 5,600 SARs. The required service period is 2 years. The fair value of the SARs are determined to be $4 on December 31, 2020, and $8 on December 31 , 2021. Compute Bramble's compensation expense for 2020 and 2021. Bramble's compensation expense 2020 $ Bramble's compensation expense for 2021 $ Oriole Co. invested $910,000 in Waterway Co. for 25% of its outstanding stock. Waterway Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Waterway to answer the following questions. (a) How much was Oriole Co.'s share of Waterway Co.'s net income for the year? Net income $ (b) What was Waterway Co.'s total net income for the year? Total net income $ (c) What was Waterway Co's total dividends for the year? Total Dividends (d) How much was Oriole Co.'s share of Waterway Co.'s dividends for the year? Dividends $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!