On Jan. 1, 2020, Terra Company established a share appreciation rights plan for the executives. The plan entitled them to receive cash at any time during the next four years for the difference between the market price of the ordinary share and a pre-established price of Php20 on Php60,000 share appreciation rights or SARS. On Dec. 31, 2022, 20,000 SARS are exercised by executives. Market Price Jan. 1, 2020 25 per share Dec. 31, 2020 28 per share Dec. 31, 2021 35 per share Dec. 31, 2022 30 per share

On Jan. 1, 2020, Terra Company established a share appreciation rights plan for the executives. The plan entitled them to receive cash at any time during the next four years for the difference between the market price of the ordinary share and a pre-established price of Php20 on Php60,000 share appreciation rights or SARS. On Dec. 31, 2022, 20,000 SARS are exercised by executives. Market Price Jan. 1, 2020 25 per share Dec. 31, 2020 28 per share Dec. 31, 2021 35 per share Dec. 31, 2022 30 per share

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 7RE: On January 1, 2019, Phoenix Corporation adopts a performance-based share option plan for 25...

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