5 employees left. How much is the salaries expense in 20x3? *
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- On January 1, 20x1, HALOHALO Company granted 1,000 share options to each of its 100 key employees conditional upon each employee remaining in HALOHALO’s employ over the next three years. HALOHALO estimated that the fair value of each share option is ₱60. On the basis of a weighted average probability, HALOHALO estimated on January 1, 20x1 that 20 per cent of employees will leave during the three-year period and therefore forfeit their rights to the share options. During 20x1, 2 employees left. HALOHALO revised its estimate of total employee departures over the three-year period from 20 per cent to 15 per cent. During 20x2, additional 3 employees left. HALOHALO again revised its estimate of total employee departures over the three-year period from 15 per cent to 12 per cent. During 20x3, additional 5 employees left. How much is the accumulated share premium from share options outstanding as of December 31, 20x2? *On January 1, 20x1, SUMMER HEAT Co. grants 1,000 share options to each of its 100 key employees conditional upon each employee remaining in SUMMER’s employ over the next three years. SUMMER estimates that the fair value of each share option is ₱60. On the basis of a weighted average probability, THRIVE Co. estimates on December 31, 20x1 and December 31, 20x2 that 20 per cent of the employees will leave during the three-year period and therefore forfeit their rights to the share options. Twenty (20) employees actually left the company during the three-year period. Fifteen (15) employees left in 20x1 and the other five (5) left in 20x3. How much is the salaries expense in 20x3? *At the beginning of year 1, James Ltd grants 100 share options to each of its 120 employees, conditional on the employee remaining in the employ of James Ltd over the next 2 years. The company estimates that the fair value of the options on grant date is $12. On the basis of a weighted average probability, James Ltd estimates that 15% of its employees will leave during the vesting period. At the end of year 1, ten employees have left, and James Ltd estimates that a further five will leave during year 2. By the end of year 1, the company's share price has dropped, and it decides to reprice the share options. It estimates that the fair value of the original share options is $7 and the fair value of the repriced share options is $10. Five employees leave during year 2. Required Prepare a schedule setting out the remuneration expense to be recognised at the end of years 1 and 2.
- On 1 January 2017, SURDIN granted 100 share options to each of its 80 employees, on condition that the employees would stay in employment for three years. SURDIN estimated that 10% of these employees would leave the employment. The fair value of the options was as follows:RM1 January 2017 = RM 5.0031 December 2017 = RM 5.5031 December 2018 = RM 5.9031 December 2019 = RM 5.70Required:Calculate the amount recognized as expenses in the statement of profit or loss and the amount disclosed as equity in the statement of financial positionOn 1 January 2016, the management of ZAIDY granted an option for 3,000 shares to an employee on condition that he stays in the employment of ZAIDY for three years. Also, the option cannot be exercised till the share price has increased to RM20 per share by the end of the third year.The fair value of the option on 1 January 2016 was RM5 each and was estimated to rise to RM6.50 each by 31 December 2018. The fair value is determined taking into consideration that the share price will rise to more that RM20 each.Required:Calculate the amount recognized in the statement of profit or loss and the amount disclosed as equity in the statement of financial position.On January 1, 2022, Jade Corporation granted share options to each of the 300 employees working in the sales department. The share options vest at the end of a three-year period provided that the employees remain in the entity’s employ and provided the volume of sales will increase by more than 10% per year. The fair value of each share option on grant date is P20. If the sales increase by more than 10%, each employee will receive 200 share options. If the sales increase by more than 15%, each employee will receive 300 share options. On December 31, 2022, the sales increased by more than 10%, and no employees have left the entity. On December 31, 2023, the sales increased by more than 15% and 20 employees left the entity. What amount of compensation expense should be recognized for 2023? 400,000 720,000 560,000 800,000
- On January 1, 2020, Green Corporation granted share options to its employees with a fair value of P4,500,000. The options vest in three years and are exercisable starting January 1, 2023 until Dec. 31, 2023. On December 31, 2020, it was estimated that 5% of the employees will leave the Company. This estimate was revised to 6% during the year 2021. On December 31, 2022, it was determined that 90% of the employees remained in the company. What is the amount charged to compensation expense in year 2020?PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $5 per share on January 1, 2020, the grant date.Required:1. What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2020 and December 31, 2021?2. When calculating diluted EPS at December 31, 2021, what will be the net increase in the weighted average number of common shares with regard to the restricted stock shares if the market price of the common shares averages $5 per share during 2021?On January 1, 2020, ABC Company granted share options to each of the 300 employees working in the Accounting department. The options price is P90 and the par value is P70 per share.The share options vest at the end of a three-year period provided that the employees remain in the entity’s employ and provided the volume of sales will increase by 10% per year.The fair value of each share option on grant date is P35.The share will vest as follows: If the sales increase by 10%, each employee will receive 200 share options; If the sales increase by 15%, each employee will receive 300 share options.· On December 31, 2020, the sales increased by 10%, and no employees have left the entity· On December 31, 2021, sales increased by 15% and no employees have left.On December 31, 2022, the sales increased by 15% and 50 employees left the entityWhat is the share premium upon exercise of the share options on December 31, 2022?
- On January 1, 2020, ABC Company granted share options to each of the 300 employees working in the Accounting department. The options price is P90 and the par value is P70 per share.The share options vest at the end of a three-year period provided that the employees remain in the entity’s employ and provided the volume of sales will increase by 10% per year. The fair value of each share option on grant date is P35. The share will vest as follows: If the sales increase by 10%, each employee will receive 200 share options; If the sales increase by 15%, each employee will receive 300 share options. · On December 31, 2020, the sales increased by 10%, and no employees have left the entity· On December 31, 2021, sales increased by 15% and no employees have left.On December 31, 2022, the sales increased by 15% and 50 employees left the entityWhat is the compensation expense for 2022?IT Solutions Ltd. has a cash - settled SARS program for employees. These employees will receive a cash payment after five years of service, calculated as the excess of share price over $8.75. In early 20X1, employees in total are granted 180,000 units in the program. The fair value of one SARS unit is estimated at $1 at the end of 20X1, $3 at the end of 20X2, and $2 at the end of 20X3. Estimated retention is 90% at the end of 20X1, 88% at the end of 20X2, and 75% at the end of 20X3. The payment is made at the end of 20X 5. Required: Provide the journal entry to be recorded with respect to the SARS program at the end of 20X 1, 20X2, and 20X3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)Middleton Co. granted 200 share appreciation rights to each of the 1,000 employees on January 1, 2014. The management estimated that 90% of the awards will vest on December 31, 2018. The fair value of each share appreciation right on December 31, 2016 is P15. What is the fair value of the Liability for the share appreciation rights on the end of the year?