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Cottesloe Ltd. has granted its managing director 50, 000 share options conditional upon him remaining with the company for a further five years. In addition,

Cottesloe Ltd. has granted its managing director 50, 000 share options conditional upon him remaining with the company for a further five years. In addition, the share price must increase by 50 per cent before the end of year 5.

Needs to answer the following; (in detail)

How should Cottesloe Ltd. account for the above vesting conditions?

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