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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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