On January 1, 2020, Screw Corporation granted its employees options to purchase 5,000 shares of Screw's, P20 par value ordinary at P25 each. The option become exercisable on January 1, 2022. The option was exercised on March 15, 2022.

The market price of Screw's share capital were as follows:

January 1, 2020P50

December 31,202060

December 31,202165

March 15, 202262

The company can not reliably determine the fair value of the share option, so it decided to use the intrinsic value method

.

Q23Amount of compensation expense for 2020 and 2021,

respectively.

Q24Amount of adjustment to equity in 2022 as a result of the change in the market price of the share from 65 to 62.

Q25What amount of share premium will arise from the exercise of the share options on March 15,2022?

Q26What if in the above, only 90% of the share options were exercised, what amount of share premium-ordinary will arise from the exercise of the share options on March 15, 2022?