1.On January 1, 2020, Sumar hf. Jn Jnsson, employee, stock option for 3,000 shares in Sumar hf. at the price of 30 ISK. per share. The stock option can be exercised for 4 years from the date of issue. Using the fair value pricing model, the cost of the stock option is determined at ISK 18,000.

Jn exercised his call option on 1 August 2020 and sold his 3,000 shares on 15 December 2020. The market price of shares in Sumri hf. in 2020 was:

1 January 27 ISK. per share.

August 1 ISK 32 per share.

December 15 29 kr. per share.

The service period is two years and begins on 1 January 2020. What is the amount of costs due to stock option agreements that Sumar hf. should be charged in 2020 for the call option?

Choose one of the following items:

• ISK 12,000.
• 6,000 kr.
• 9,000 kr.
• 18,000 kr.

3. A building is used as an office building but is in an area where a residential area is being built. Other comparable housing in the area has been converted into residential housing. Based on the expected cash flow in the future due to use as office premises, the company estimates the value of the building at ISK 45 million. On the other hand, the building could be sold for conversion into residential housing for ISK 50 million. and this would entail a transaction cost of ISK 2 million. (inspections, sales costs, etc.). For sale, the building would need repairs that cost 1 million. so that it can be used for apartments. What is the value of the building?

Select one of the following items:

• ISK 44 million
• 47 million
• 49 million
• 50 million

4. Below is information on the balance of accounts in the accounts of Frama ehf.

Share capital 9,500,000

Share premium account 4,250,000

Statutory reserve 1,250,000

Minority share 500,000

Unallocated equity 11,873,000

Unpaid dividends 950,000

What is the amount of paid-in equity with Frama ehf.?

Choose one of the following items:

• 15,000,000
• 13,750,000
• 26,873,000
• 28,323,000