employees allowing them to purchase one ordinary share Ordinary share capital, P100 par value, 100,000 shares On April 1, 2021, the entity issued 20,000 share options to 2021, Complex Company had the following share capital: Ordinary share capital, P100 par value, 100,000 shares authorized, 60,000 shares issued 6,000,000 for each option at P150. No fair value is assigned to the share option is P10. The average market price during the year was P250 and the ending market price was P300. The net income for the current year was P3,000,000. Required:

employees allowing them to purchase one ordinary share Ordinary share capital, P100 par value, 100,000 shares On April 1, 2021, the entity issued 20,000 share options to 2021, Complex Company had the following share capital: Ordinary share capital, P100 par value, 100,000 shares authorized, 60,000 shares issued 6,000,000 for each option at P150. No fair value is assigned to the share option is P10. The average market price during the year was P250 and the ending market price was P300. The net income for the current year was P3,000,000. Required:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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