Does anyone have answers to Intermediate accounting exercise 16-10?

Answer 1

1.Complete the schedule below to compute the compensation expense by filling in the shaded cells. Do not round your answers. Enter 0 wherever is required. An asterisk (*) will appear next to an incorrect amount in specific cells. SAR Annual Compensation Expense Estimated Total Compensation Accrued Yearly Fair ValueTotal Compensation Percent ExpenseCompensation Compensation Date per SARCost Accrued to Date Expense to DateExpense 12/31/09 $3.00 $12,000 33.33% 4,000 $ - $4,000 12/31/10 4.20 16,800 66.67% 11,200 4,000 7,200 12/31/11 4.00 16,000 100.00% 16,000 11,200 4,800 12/31/12 5.00 20,000 100.00% 20,000 16,000 4,000 $20,000 2.To enter the journal entry for 2012, enter the appropriate account titles in the shaded cells in column C and the appropriate amounts in the shaded cells in columns H and J. 2012 Dec. 31Compensation expense 4,000 SAR Compensation payable 16,000 Cash 20,000

E1610 inter acct nikolai 11th editionchapter 16