Question
Voltron Corp. granted a share appreciation right to one of their directors on January 1, 2021. This key employee is entitled to receive cash equal
Voltron Corp. granted a share appreciation right to one of their directors on January 1, 2021. This key employee is entitled to receive cash equal to the appreciation in share price over market value on January 1, 2021 after 3 years service period.
Number of shares = 45,000
Market value of Voltron's shares are as follows:
Jan. 1, 2021 = P100
Dec. 31, 2021 = P90
Dec. 31, 2022 = P120
Dec. 31, 2023 =P110
How much is the accrued salaries payable as of Dec. 31, 2023?
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
