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题目

Homework:practice exam 2

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Part 1Togo Incorporation started a share appreciation plan on January ​1, 20222022​, when it granted 50,00050,000 rights to its executives. The vesting period is 22 years. The stock appreciation rights are settled for stock. The plan expires on January ​1, 20242024. The fair value of Togo'sTogo's SARs for the years ended December ​31, 20222022​, and 20232023 are as​ follows: LOADING... ​(Click the icon to view the fair​ values.)All rights are exercised on January ​1, 20242024​, when their fair value is $ 7$7 and the market price of the stock is $ 35$35 per share. Prepare the journal entries to record the SAR plan. The par value of the common stock is​ $1 per share. What journal entry will the company make on the date the employees purchase the​ shares? Part 1Determine the compensation expense in 20222022. [table] | Save Accounting Table... | | + | Copy to Clipboard... | | + [/table] [table] Compensation expense in 2022 = | [/table] Save Accounting Table...+Copy to Clipboard...+Compensation expense in 2022 =[Fill in the blank] [IMPORTANT INSTRUCTION] When returning answers, provide an array for [Fill in the blank] positions ONLY. Skip [Account] cells (these are dropdowns). If a [Fill in the blank] should be empty, return an empty string "" as a placeholder. The array length should equal the number of [Fill in the blank] cells, not total cells.

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The question describes a share appreciation rights (SAR) plan with 50,000 rights granted on January 1, 2022, a two-year vesting period, and settlement in stock. The plan expires January 1, 2024. The exercise occurs on January 1, 2024, at which time the fair value of the SARs is $7 and the stock price is $35. The par value of common stock is $1. We are asked to determine the compensation expense in 2022 and to provide the journal entry on the date employees purchase the shares, but the specific numeric fair values for 2022 and 2023 are not shown in the prompt. This missing data prevents a precise numeric calculation for 2022. Option analysis: - The placeholder option for Compensation expense in 2022 = "" represents an empty response. Since the problem requires a numeric amount, leaving the blank is......Login to view full explanation

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