problem

What is the share premium if the employee has chosen the cash alternative on December 31, Year 3? * CC 730,000 O 180,000 Oo 700,000.Cln January 1. Year 1. Lasagna Corporation granted to an employee the right to choose either shares or cash payment. The choices are as follows: - Share altematjve equal to 25,011} shares with par value of P30 - I{Lash alternative cash payment equal to the market value of 2.D shares The grant is conditional upon the completion of three years of service. On grant date on Januaryr '1. Year 1. the share price is P51. The share prices for the threeyear vesting period are P54 on December 31. Year 1. P65 on December 31. Year 2 and P55 on December 31. Year 3. After taking into account the effect of vesting restrictions, the errtityr has estimated that the fair value of the share alternative is P48