On January 1, 2021, BLACK WIDOW Company offered its top management share appreciation right with the following terms: Predetermined price P 100 per share 50,000 shares Service period Exercise date 3 years Number of shares January 1, 2024 The share appreciation right is to be exercised on January 1, 2024. The quoted prices per share are P100, 124, 151 and 151 on January 1, 2021, December 31, 2021, December 31, 2022, December 31, 2023, respectively.

On January 1, 2021, BLACK WIDOW Company offered its top management share appreciation right with the following terms: Predetermined price P 100 per share 50,000 shares Service period Exercise date 3 years Number of shares January 1, 2024 The share appreciation right is to be exercised on January 1, 2024. The quoted prices per share are P100, 124, 151 and 151 on January 1, 2021, December 31, 2021, December 31, 2022, December 31, 2023, respectively.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 81PSA

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