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On December 31, 2016, Splish Company issues 143,000 stock-appreciation rights to its officers entitling them to receive cash

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Answer #1

Q1

Cumulative Compensation
Fair Compensation Percentage Accrued to Expense Expense Expense Expense
Date Value Recognizable Accrued Date 2017 2018 2019 2020
12/31/17 $5 $715,000 25% $             178,750 $   178,750
$              (35,750) $ (35,750)
12/31/18 $2 $286,000 50% $             143,000
$             822,250 $       822,250
12/31/19 $9 $1,287,000 75% $             965,250
$             178,750 $   178,750
12/31/20 $8 $1,144,000 100% $          1,144,000
Ques Accounts debit credit
b Compensation expense $ 178,750
liability under stock appreciation plan $ 178,750
c liability under stock appreciation plan 1144000
   cash 1144000
(143000*8)
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