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PROBLEM PP: Melissa Company granted 100 share appreciation rights to each of the 1,000 employees on January 1, 2016. The management estimated that 90% of

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PROBLEM PP: Melissa Company granted 100 share appreciation rights to each of the 1,000 employees on January 1, 2016. The management estimated that 90% of the awards will vest on December 31, 2018. The fair value of each share appreciation right on December 31, 2016 is P10. 65. What is the fair value of the liability for the share appreciation rights on December 31, 2016? A. 100,000 B. 300,000 C. 450,000 D. 900,000

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