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Rosemarie Ltd agrees to pay its CEO a cash bonus tied to 10,000 times the amount of its market share price beyond $3.30 per share.

Rosemarie Ltd agrees to pay its CEO a cash bonus tied to 10,000 times the amount of its market share price beyond $3.30 per share. Given that on the reporting date, its share price is $4.50 per share and the bonus is to be settled in 2 months, the journal entry is:

Select one:

a. Cash 12,000 Salary payable 12,000

b. Employee benefit expense 12,000 Cash 12,000

c. Employee benefit expense 12,000 Salary payable 12,000

d. Salary payable 12,000 Share capital 12,000

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