Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Entity A is an unlisted entity, and its shares are owned by two directors. The directors have decided to issue 1,000 share options to an

Entity A is an unlisted entity, and its shares are owned by two directors. The directors have 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 companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 per share. At the end of the financial year, December 31, 20X4, the value of the shares was estimated at P150 per share and the options vested on that date.Requirement: Provide all the entries in 20x4.ANSWER BASED ON THE REQUIREMENT, Thank you! :)

image text in transcribed
9. Entity A is an unlisted entity, and its shares are owned by two directors. The directors have 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 companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 per share. At the end of the financial year, December 31, 20X4, the value of the shares was estimated at P150 per share and the options vested on that date. Requirement: Provide all the entries in 20x4. (Adantod)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

10th edition

1259964949, 1259964947, 978-1259964947

More Books

Students also viewed these Accounting questions