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On January 1, 20x1, JMT Co. grants 1,000 share options to each of its 100 key employees conditional upon each employee remaining in JMT's employ
On January 1, 20x1, JMT Co. grants 1,000 share options to each of its 100 key employees conditional upon each employee remaining in JMT's employ over the next three years. JMT Co. estimates that the fair value of each share option is P60. Throughout the vesting period, JMT Co. estimates that 20 per cent of employees will leave and therefore forfeit their rights to the share options. No employees have actually left the company during the three-year vesting period. How much is the salaries expense recognized in 20x3
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