Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On 1 July 2020, Park Ltd granted 100 share options to each of its 500 employees. Each grant is conditional on the employee working for
On 1 July 2020, Park Ltd granted 100 share options to each of its 500 employees. Each grant is conditional on the employee working for the company for the 3 years following the grant date. On grant date, the fair value of each share option was estimated to be $53. On the basis of a weighted average probability, the company estimates that 15% of its employees will leave during the 3-year vesting period. At 30 June 2023.425 employees were granted share options. Required: What is the amount of "Remuneration Expense that would be recognised by Park Ltd at 30 June 2023 in accordance with AASB 2 for services rendered as consideration for the share options granted? (Please round your result to the nearest dollar and enter a numerical value without any sign ($. + or -) or space.)
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