Question
Gibson company reported the following remuneration and other payments made to the entity's chief executive officer during the current year: Annual salary.................................................................2,000,000 Share options and
Gibson company reported the following remuneration and other payments made to the entity's chief executive officer during the current year:
Annual salary.................................................................2,000,000
Share options and other share-based payments..........................................................................1,000,000
Contributions to retirement benefit plan...........500,000
Reimbursement of travel expenses for business trips......................................................................................1,200,000
What total amount should be disclosed as compensation to key management personnel?
a. 3,500,000
b. 4,700,000
c. 3,000,000
d. 2,500,000
i dont know whats the solution and how to answer it
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started