Business, 05.05.2020 05:59 jacckiie4069

On January 1, 2017, Cable Corporation issues 10 comma 000 stock minus appreciation rights to its key executives. The terms of the plan state that the holders of the rights will receive a cash payment equal to the difference between the market price of the stock on the date of exercise and the preminus established price of $ 9.00 per share. There is a threeminusyear vesting period and the rights may be exercised on January 1, 2020. The rights expire on January 1, 2022. The closing market prices follow: December 31, 2017 $ 12.00per share December 31, 2018 $ 15.00 per share December 31, 2019 $ 13.00 per share What is the appropriate journal entry on December 31, 2019

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On January 1, 2017, Cable Corporation issues 10 comma 000 stock minus appreciation rights to its key...

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