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Share appreciation rights C. On January 1, 2018, an entity granted to its chief operations ofcers the right to choose either 5,000 ordinary shares or

Share appreciation rights

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C. On January 1, 2018, an entity granted to its chief operations ofcers the right to choose either 5,000 ordinary shares or to receive cash payment equal to 4,000 shares. The grant is conditional upon completion of two years of service. The entity estimates that the value of the share alternative at the date of grant is P60 per share. Par value per share is P40. The fair values per share at January 1, 2018 December 31, 2018 and December 31, 2019 are P65. P68 and P72, respectively. The ofcer exercised his rights on June 30, 2020 when the market price of each share is P75. ' Required: Entries to record the above transactions

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