Most company managers overwhelming feel that: Group of answer choices the personal taxes of their shareholders must be their primary consideration when setting dividend policy. once a dividend is increased, it should not be decreased. dividends should be increased annually no matter what. dividend smoothing is talked about but rarely affects dividend decisions. dividends should be flexible and adjusted annually in response to changes in the firm's earnings.

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.