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Business, 31.05.2020 00:59 paaoolav

On January 1, 2020, Concord Corporation established a stock appreciation rights plan for its executives. It entitled them to receive cash at any time during the next four years for the difference between the market price of its common stock and a pre-established price of $20 on 113000 SARs. Current market prices of the stock are as follows: January 1, 2020 $34 per share December 31, 2020 37 per share December 31, 2021 29 per share December 31, 2022 32 per share Compensation expense relating to the plan is to be recorded over a four-year period beginning January 1, 2020. What amount of compensation expense should Concord recognize for the year ended December 31, 2020

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