1.Bird Company decided to issue 1,000 share options to an employee in lieu of many years' service. However, the fair value of the share options cannot be reliably measured as the entity operates in a highly specialized market where there are no comparable entities. The exercise price is $100 per share and the options were granted on January 1, 2017, when the value of the shares was also estimated at $100 per share. At the end of the financial year, December 31, 2017, the value of the shares was estimated at $150 per share, and the options vested on that date. What value should be placed on the share options issued for the year ended December 31, 2017?

2.During 2016, Aster Company issued 10,000 shares of $100 par value convertible preference share for $110 per share. One preference share can be converted into 3 shares of Aster's $25 par ordinary share at the option of the preference shareholder. On December 31, 2017, when the market value of the ordinary share was $40, the entire preference share was converted. How much should Aster credit to Share premium as a result of the conversion?

3.On January 1, 2015, Kyle Company granted share options to the employees. The total expense to the vesting date on December 31, 2018 has been calculated at $7,500,000. The entity has decided to settle the award early on December 31, 2017. The expense charged since the date of grant was $2,000,000 for 2015 and $2,200,000 for 2016. The expense that would have been charged for 2017 is $2,500,000. What amount should be recognized as compensation expense for 2017?