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These questions are most likely asking about the methods of zero value approach and residual approach with the accounts being contributed surplus and so on
These questions are most likely asking about the methods of zero value approach and residual approach with the accounts being contributed surplus and so on
On January Timely, a publicly accountable entity, granted stock options valued at $ in total to its executives. The options have a twoyear vesting period and expire on January The strike price for the options is $ while the market price at the grant date was $
On December Timely issued a $ bond with detachable warrants at par. Each $ bond comes with a warrant valued at $ Without the warrants, a similar bond would have been issued at on the market.
Required:
Provide the journal entryies associated with the stock options for fiscal
Provide the journal entry associated with the issuance of the convertible bond.
If Timely reported under ASPE, what alternative measurement approaches could be used to recognize the convertible bond?
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