Question
Aero Ltd (Aero) has granted 700 share appreciation rights to each of its 400 employees on 1 January 2020. The rights are due to vest
Aero Ltd (Aero) has granted 700 share appreciation rights to each of its 400 employees on 1 January 2020. The rights are due to vest on 31 December 2022 with payment payable on 31 December 2023. During 2020, 50 employees leave, and it is anticipated that a further 50 employees will leave during the vesting period. Fair values of the share appreciation rights are as follows:
| 1 January 2020 | $15 |
| 31 December 2020 | $18 |
| 31 December 2021 | $20 |
Required: What liability will be recorded on 31 December 2020 for the share appreciation rights in accordance with HKFRS 2 'Share-based Payments'?
| A. | $1,680,000 | |
| B. | $3,780,000 | |
| C. | $2,520,000 | |
| D. | $1,260,000 |
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Conducting Church Audits A Guide For Internal Auditors
Authors: Jeremy W Odom
1st Edition
0997095628, 978-0997095623
