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, 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? *
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 7RE: On January 1, 2019, Phoenix Corporation adopts a performance-based share option plan for 25...
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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? *
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