What is the fair value of the liability for the share appreciation rights on Dec. 31, 2020? *see attached a. 100,000 b. 900,000 c. 300,000 d. 450,000
Q: nventory.Part3:: Computational. ABC sells item A as part of its product line. Information as to…
A: Under weighted average cost method using periodic inventory system, value of ending inventory and…
Q: PROBLEM 1 On January 1, 2017, Carly Fashions Inc. enters into a contract with a regional retail…
A: Accounting for Contract Modifications If a change in an entity’s contract with a customer…
Q: Why are audit objectives important in planning and performing an audit? Is it possible for audit…
A: Why are audit objectives important in planning and performing an audit? Audit objectives are the…
Q: The PowerPoint Corporation has two classes of share capital outstanding: 9% (dividend rate), P20…
A: Ordinary shares- Ordinary shares, also known as common shares, are stocks sold on community barter.…
Q: Intercompany sale of inventory a.should be eliminated only if the inventories are sold to third…
A: Any form of transaction between two firms that are members of the same consolidated group, such as a…
Q: On January 1, 2022, the Spartan Equipment Company began construction of a building to be used as its…
A:
Q: Please consider the following company items: Other items Tax rate 2.0% 25% Long term growth…
A: Average Weighted The firm's cost of capital, which represents their cost of capital for all sources,…
Q: JKL Ltd has prepared the following cost estimates for the manufacture of a subassembly component…
A: If the company manufactures the cost of per unit is $38 If the company buys the per unit cost is $32…
Q: TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The…
A: Rate of Profit=Gain realizedContract Price×100
Q: FRT Company sells each unit for $ 60, variable costs for each unit $ 25, Fixed costs $ 200000 Wants…
A: Formula used: Units to sell for earning a target profit = ( Fixed cost + target Profit ) / Unit…
Q: ABC sells item A as part of its product line. Information as to balances on hand, purchases, and…
A: In Weighted average cost method the inventory cost is calculated using average cost. Average cost =…
Q: opines on the professional responsibilities of the accountant in his practice of accounting and…
A: Professional Responsibility of Accountant: An Accountant assists organizations in making key…
Q: August 1 - Reyes invest P250,000 for a stating a Jewelry Business August 3-Reyes buys various repair…
A: General Journal Date Account Titles and Explanation Debit Credit Aug'1 Cash 250,000…
Q: Maria and Carlos formed a partnership, investing $400,000 and $300,000, respectively. Determine…
A: Introduction: Partnership: Its an agreement between two or more partners for forming a business and…
Q: Students are required to work as an individual or Maximum group of three members. Topic is Business…
A: Many people from the Islamic religion, as well as non-Muslims, are looking for ethical models and…
Q: Make-or-Buy Decision, Alternatives, Relevant Costs Each year, Basu Company produces 22,000 units of…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: The accounting equation is assets 1 liabilities 5 owners’ equity.; True or False
A: Accounting is the detailed process of recording, classifying and analysing financial information in…
Q: Ramsay Company established a branch in Pasig on March 1, 2022. Shipments of merchandise at billed…
A: The cost of goods sold to be reported by the branch for March is P460,750.
Q: Problem 2: Economic Order Quantity MNO Company has the following inventory costs: Total cost to…
A:
Q: Ramsay Company established a branch in Pasig on March 1, 2022. Shipments of merchandise at billed…
A: Cost of Goods sold (COGS) is the value of goods sold in a particular period of time, In this. we…
Q: List and briefly describe, in your own words, each of the six (6) elements of a quality control…
A: system of quality control is defined as a process to provide the form with reasonable assurance that…
Q: Revenues 2021 2020 Sishen $ 21,700,000 $ 26,500,000 Hotazel $ 14,200,000 $ 16,500,000…
A: Return on assets- The ability of a company to generate revenue from its total assets is referred to…
Q: to abose 91 101 noltotoo n 2019 2020 20210 Net income (loss) before dealings P 20,000 (P 70,000) P…
A: Net Capital Gain on 2021 ₱ 11,000 (A)
Q: A property was purchased on January 1 20x0 for $2 million (estimated depreciable amount $1…
A: Revaluation surplus: It implies to an increase in the current market or fair value of a fixed asset…
Q: A purchase invoice shows 10 items priced at $120 less trade discount 20%. A cash discount of 2%2% is…
A: Formula: Amount paid = Invoice amount - Discount amount
Q: . _______ This investment is backed by the reputation of the issuing corporation.
A: Corporation is a legal form of business organisation, under which several people invest their money…
Q: ABB Company reported the results from sales of 5,000 units of Product Y for April 2022. See image.…
A: The question is based on the concept of Cost Accounting.
Q: MESA gives warranties at the time of sale to purchasers of its product. Under the terms of the…
A: At 31 December 2021, MESA recognized P50,000 warranty provision MESA incurred and charged P140,000…
Q: At 31 March 2012, Dalian Limited had in issue NS4m in equity share capital of 50 cent each and N$1m…
A: Basic EPS = Income available to shareholders/Weighted average number of shares Income available to…
Q: Shand Pipes offers three types of valves for sale to retailers: Ball Valves, Butterfly Valves and…
A: When a firm has different items and services, sales mix variance arises. As a result, the sales mix…
Q: me (1) Game xed Cost for Food (P100,000) mace (P240,000) both Space (P1,750) tal for One (1) Game:…
A: Basic Concepts of Accounting
Q: Selected data from Decco Company are presented below: Total assets $1,600,000 Average assets…
A: Formula used: Profit Margin = ( Net income / Net sales ) x 100
Q: Question 3 L a) The Manchester based company. We Know Capital Limited (WIC), has been hired as…
A: Calculation of weighted avg cost of capital
Q: 3. Use the same information given in Problem 1. The retirement of the 2,000 preference shares would…
A: The retirement of shares means that the shares are cancelled and related premium or par capital…
Q: Ella Ltd purchased 20% of the shares of Monica Ltd on 1 January 20X2. This purchase resulted in Ella…
A: Solution: JOURNAL ENTRIES a) Using Equity Method Date…
Q: Shareholders' Equity Transactions R. Carpio Products, Inc. was formed at the beginning of the year.…
A: Book value per share is the amount of shareholder's equity which belongs to one equity share. It…
Q: Special Order, Traditional Analysis Fiorello Company manufactures two types of cold-pressed olive…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: On April 15, Compton Co. paid $2,750 to upgrade a delivery truck and $55 for an oil change.…
A: If the useful life of an asset is added or the upgradation is done to an existing assets then the…
Q: Ratios Compared with Industry Averages Because you own the common stock of Phantom Corporation, a…
A: Current Ratio:- It is the liquidity ratio that measures the company's ability to meet its short-term…
Q: 1. How is it possible for a firm to be profitable and still go bankrupt? Select one: a. The firm…
A: Current ratio=Current assetsCurrent liabilities
Q: 3: An employee works 50 hours (50-40 were overtime hours) during a workweek in December of 2021, He…
A: Taxable Income: It is the base income upon which tax is levied and includes a few items of income…
Q: The following information are available for X Corp: (The company uses actual costing). What is the…
A: Beginning inventory for 2020 is equal to ending inventory of 2019. Sales = opening inventory +…
Q: compensation management, if an company is unable to raise your salary, and they are trying to make…
A: labour are considered as an important factor of the production if the employee will leave the…
Q: Annuity payments received by a taxpayer represent a part which is taxable and non taxable. Which of…
A: Annuity means a series of payments being paid or received in particular period of time and a fixed…
Q: Ramsay Company established a branch in Pasig on March 1, 2022. Shipments of merchandise at billed…
A: Cost of goods sold (COGS) is the value of goods that is sold in a particular period of time. In this…
Q: Lily Company’s sales budget projects unit sales of part 198Z of 8,400 units in January, 10,000 units…
A: Production budget shows the number of units to be produced in a given period. Direct material…
Q: A purchase invoice shows 10 items priced at $120 less trade discount 20%. A cash discount of 2½% is…
A: Formula: Amount paid = Invoice amount - discount amount
Q: Mr. Batangas, not a dealer in properties, made the following dispositions during the year.…
A: Net capital gains Net capital gains which are comes from the shot term and long term capital gains…
Q: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month…
A: Net profit = Total revenues - Total expenses Profit margin = Net profit / Total revenues
Q: rkers com departmen avity drain weet and ea
A: Government funds are the funds created by government organizations for specific purposes of…
What is the fair value of the liability for the share appreciation rights on Dec. 31, 2020?
*see attached
a. 100,000
b. 900,000
c. 300,000
d. 450,000
Step by step
Solved in 2 steps
- On January 1, 2019, Phoenix Corporation adopts a performance-based share option plan for 25 executives, with the number of shares based on the yearly increase in sales. At the end of 2019, based on a 10% increase in sales, it expects that each executive will be granted 150 options and that the fair value of an option expected to vest is 15.75. Phoenix expects a turnover rate of 15% over the 3-year service period. Determine the compensation expense for 2019 for this plan.On January 2, 2019, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the time-vested restricted share units entitles the CFO to receive one share of Brust common stock if she remains an employee of the company for 4 years. On January 2, 2019, shares of Brusts 1 par value common are trading at 29.50 per share. The company estimates that the CFO will complete all 4 years of required service with the company. Prepare the journal that Brust should make each year to account for the restricted share units.Pinecone Company has plan assets of 500,000 at the beginning of the current year and expects to earn 12% on its plan assets during the year. Pinecones service cost is 230,000, and its interest cost is 55,000. Compute Pine-cones pension expense for the current year.
- Restricted Share Units On January 2, 2019, Dekker Company grants each of its 15 new employees 200 restricted share units. Each of the time-vested restricted share units entitles the employee to receive one share of Dekker common stock if they remain an employee of the company for 2 years. On January 2, 2019, shares of Dekkers 2 par value common are trading at 52 per share. Dekker estimates that 12 of the 15 employees will complete 2 years of service with the company. At the end of 2020, Dekker reported that four employees left the company before completing the service period. Required: 1. Prepare a schedule of Dekker s computations for its restricted share unit plan for 2019 and 2020 (round all computations to the nearest dollar). 2. Prepare all journal entries for the restricted share unit plan for 2019 and 2020.She Company granted 200 share appreciation rights to each of the 1,000 employees on January 1, 2021. The management estimated that 90% of the awards shall vest on December 31, 2023. The fair value of each share appreciation rights on December 31, 2021 is P10. What amount should be reported as accrued liability for the share appreciation rights on December 31, 2022?Lion Company granted 30,000 share appreciation rights which entitled key employees to receive cash equal to the difference between P20 and the market price of the share on the date each right is exercised. The service period is 2019 through 2021, and the rights are exercisable in 2022. The market price of the share was P25 and P28 on December 31, 2019 and 2020, respectively. How much should be recorded as compensation expense for 2020? Copenhagen Company granted 200 share appreciation rights to each of the 500 employees on January 1, 2016. The rights are due to vest on December 31, 2019 with payment being made on December 31, 2020. Only 80% of the awards vest. January 1, 2016 (predetermined price)150 December 31, 2016 : 180 December 31, 2019 : 210 December 31, 2020 : 190 What amount should be recognized as gain on reversal of share appreciation rights on December 31, 2020?
- Middleton Co. granted 200 share appreciation rights to each of the 1,000 employees on January 1, 2014. The management estimated that 90% of the awards will vest on December 31, 2018. The fair value of each share appreciation right on December 31, 2016 is P15. What is the fair value of the Liability for the share appreciation rights on the end of the year?DRAX Company granted 30,000 share appreciation rights which entitled key employees to receive cash equal to the difference between ₱50 and the market price of the share on the date each right is exercised. The service period is 2020 through 2022, and the rights are exercisable in 2023. The market price of the share was ₱55 and ₱60 on December 2020 and 2021, respectively. What amount should be recorded as compensation expense for 2021? a. ₱ 200,000 b. ₱ 150,000 c. ₱ 50,000 d. ₱ 350,000Lion Company granted 30,000 share appreciation rights which entitled key employees to receive cash equal to the difference between P20 and the market price of the share on the date each right is exercised. The service period is 2019 through 2021, and the rights are exercisable in 2022. The market price of the share was P25 and P28 on December 31, 2019 and 2020, respectively. How much should be recorded as compensation expense for 2020?
- Lion Company granted 30,000 share appreciation rights which entitled key employees to receive cash equal to the difference between P20 and the market price of the share on the date each right is exercised. The service period is 2019 through 2021, and the rights are exercisable in 2022. The market price of the share was P25 and P28 on December 31, 2019 and 2020, respectively. How much should be recorded as compensation expense for 2020? A. 150,000 B. 120,000 C. 110,000 D. 10,000 E. answer not givenGold Company granted 30,000 share appreciation rights which entitled key employees to receive cash equal to the difference between P200 and the market price of the share on the date each right is exercised. The service period is 2022 through 2024 and the rights are exercisable in 2025. The market price of the share was P250 and P280 on December 31, 2022 and 2023, respectively. What amount should Gold Company report as liability under the share appreciation rights on December 31, 2023?ANSWER: 1,600,000 Please kindly show solution. ThanksCopenhagen Company granted 200 share appreciation rights to each of the 500 employees on January 1, 2016. The rights are due to vest on December 31, 2019 with payment being made on December 31, 2020. Only 80% of the awards vest. January 1, 2016 (predetermined price)150 December 31, 2016 : 180 December 31, 2019 : 210 December 31, 2020 : 190 What amount should be recognized as gain on reversal of share appreciation rights on December 31, 2020?
