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MC55 Melissa Corporation granted share options to its employees wis a fair value of P4,500,000 on January 1, 2020. The options ch in three years and the options are exercisable starting January 1, 2023 until December 31, 2023. On December 31, 2020, it was estimated that 5% of employees will leave the entity during the vesting period. This estimate revised to 6% during the year 2021. On December 31, 2020 employees' record indicates that 90% of them remained in the employ of the company and became entitled to the options. What would be the expense charged during the year ending December 31, 2020? P1,350,000 P1,410,000 P1,425,000 P1,500,000 a. b. с. d. C56 Use the same information given in MC55. What would be the expense charged during the year ended December 31, 2021? P1,350,000 P1,395,000 P1,410,000 P1,500,000 a. b. C. d. C57 Jane Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2020. The rights are due to vest on December 31, 2021, with payment being made on December 31, 2022. estimated that all options would vest; although only 90% of the options actually vested. During the year 2020, the company Share prices are as follows: January 1, 2020 December 31, 2020 December 31, 2021 December 31, 2022 P20 24 27 30

MC55 Melissa Corporation granted share options to its employees wis a fair value of P4,500,000 on January 1, 2020. The options ch in three years and the options are exercisable starting January 1, 2023 until December 31, 2023. On December 31, 2020, it was estimated that 5% of employees will leave the entity during the vesting period. This estimate revised to 6% during the year 2021. On December 31, 2020 employees' record indicates that 90% of them remained in the employ of the company and became entitled to the options. What would be the expense charged during the year ending December 31, 2020? P1,350,000 P1,410,000 P1,425,000 P1,500,000 a. b. с. d. C56 Use the same information given in MC55. What would be the expense charged during the year ended December 31, 2021? P1,350,000 P1,395,000 P1,410,000 P1,500,000 a. b. C. d. C57 Jane Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2020. The rights are due to vest on December 31, 2021, with payment being made on December 31, 2022. estimated that all options would vest; although only 90% of the options actually vested. During the year 2020, the company Share prices are as follows: January 1, 2020 December 31, 2020 December 31, 2021 December 31, 2022 P20 24 27 30

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Good day, I want to ask for help for numbers 55-58 thanks
Chapter 2 - Shareholders' Equity What liability will be recorded on December 31, 2020 as a result' of the share appreciation rights? P108,000 P120,000 P189,000 P270,000 a. b. С. d. MC58 Use the same information given in MC57. How. much compensation expense should be recorded for the year ended December 31, 2021? P 96,000 P108,000 P120,000 P258,000 a. b. с. d. MC59 Rod Company had 50,000 shares of P50 par value ordinary share outstanding and 5,000 shares of P100 par preference share outstanding. share is P120 and total shareholders' equity amount to P3,600,000. The preference share has a liquidation value of P140 per share and no dividends are in arrears. What is the book value per ordinary share? The current market value of the ordinary a. P 50.00 b. P 58.00 P 72.00 P120.00 с. d. total shareholders’ equity of P3,150,000 as of December 31, 2020. MC60 The Mike Corporation's statement of financial position shows What is the book value per share, assuming that the company has only one class of share capital outstanding consisting o 50,000, P10 par ordinary shares? P10.00
Transcribed Image Text:Chapter 2 - Shareholders' Equity What liability will be recorded on December 31, 2020 as a result' of the share appreciation rights? P108,000 P120,000 P189,000 P270,000 a. b. С. d. MC58 Use the same information given in MC57. How. much compensation expense should be recorded for the year ended December 31, 2021? P 96,000 P108,000 P120,000 P258,000 a. b. с. d. MC59 Rod Company had 50,000 shares of P50 par value ordinary share outstanding and 5,000 shares of P100 par preference share outstanding. share is P120 and total shareholders' equity amount to P3,600,000. The preference share has a liquidation value of P140 per share and no dividends are in arrears. What is the book value per ordinary share? The current market value of the ordinary a. P 50.00 b. P 58.00 P 72.00 P120.00 с. d. total shareholders’ equity of P3,150,000 as of December 31, 2020. MC60 The Mike Corporation's statement of financial position shows What is the book value per share, assuming that the company has only one class of share capital outstanding consisting o 50,000, P10 par ordinary shares? P10.00
in three years and the options are exercisable starting January On December 31, 2020, it was estimated that 5% of employees d. P30,000 MC55 Melissa Corporation granted share options to its employees viie 1, 2023 until December 31, 2023. will leave the entity during the vesting period. This estimate w revised to 6% during the year 2021. employees' record indicates that 90% of them remained in th employ of the company and became entitled to the options. On December 31, 2022, What would be the expense charged during the year ending December 31, 2020? P1,350,000 P1,410,000 P1,425,000 P1,500,000 a. b. с. d. MC56 Use the same information given in MC55. What would be the expense charged during the year ended December 31, 2021? P1,350,000 P1,395,000 P1,410,000 P1,500,000 a. b. с. d. 1C57 Jane Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2020. The rights are due to vest on December 31, 2021, with payment being made on December 31, 2022. estimated that all options would vest; although only 90% of the options actually vested. During the year 2020, the company Share prices are as follows: January 1, 2020 December 31, 2020 December 31, 2021 December 31, 2022 P20 24 27 30
Transcribed Image Text:in three years and the options are exercisable starting January On December 31, 2020, it was estimated that 5% of employees d. P30,000 MC55 Melissa Corporation granted share options to its employees viie 1, 2023 until December 31, 2023. will leave the entity during the vesting period. This estimate w revised to 6% during the year 2021. employees' record indicates that 90% of them remained in th employ of the company and became entitled to the options. On December 31, 2022, What would be the expense charged during the year ending December 31, 2020? P1,350,000 P1,410,000 P1,425,000 P1,500,000 a. b. с. d. MC56 Use the same information given in MC55. What would be the expense charged during the year ended December 31, 2021? P1,350,000 P1,395,000 P1,410,000 P1,500,000 a. b. с. d. 1C57 Jane Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2020. The rights are due to vest on December 31, 2021, with payment being made on December 31, 2022. estimated that all options would vest; although only 90% of the options actually vested. During the year 2020, the company Share prices are as follows: January 1, 2020 December 31, 2020 December 31, 2021 December 31, 2022 P20 24 27 30
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