Current Attempt in Progress

Sandhill Ltd$.$ established a SARs program on January $1,2023,$ that entitles executives to receive cash at the date of exercise $($any time

in the next three years$)$ for the difference between the shares' fair value and the pre$-$established price of $$19$ on $10,300$ SARs. As at

December $31,2023,$ the shares' fair value is $$28$ per share, the SARs' fair value is $$139,050,$ and the executives have not exercised

their rights yet. The service period runs for two years $(2023$ to $2024),$ and at December $31,2023,$ the service period is considered $50\%$

complete.

$($a$)$

Record compensation expense for $2023$ assuming that Sandhill follows IFRS. $($Credit account titles are automatically indented

when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts. List debit entry before credit entry.$)$

Date

Account Titles and Explanation

Debit

Credit

December

$31,2023$