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Question Three (10 Marks) Taonga granted share options to its 500 employee on 1 August 2017. Each employee w ill receive 1,000 share options provided
Question Three (10 Marks) Taonga granted share options to its 500 employee on 1 August 2017. Each employee w ill receive 1,000 share options provided they continue to work for Taonga for the four ye ars following the grant date. The fair value of the options at the grant date was K1.30 e ach. In the year ended 31 July 2018, 20 employees left and another 50 were expected t o leave in the following three years. In the year ended 31 July 2019,18 employees left and further 30 were expected to leave during the next two years. Required: Prepare the journal entry to record the charge to Taonga statements of profit or loss an d other comprehensive income for the year ended 31 July 2019 in respect of the share options, in accordance with IFRS 2 Share-based payments
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