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Determine the vest category for the transaction

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Reference no: EM132975042

Problem - On January 1, 2020, PT Permata Indah gave each of its 7 executives 140 pieces share options entitling him to purchase 20 shares of common stock (issued by PT Permata Indah) with an exercise price of IDR 140,000 per share at a nominal price of IDR 120,000.

It is known that the fair value of the option sheet at the date of the grant is CU5,000. That right is granted only if the executive is still working until 31 December 2024.

From the transaction requested:

1. Determine the vest category for the transaction and what it means!

2. When is the recognition of executive compensation expense in that category!

3. Count the total expenses that will be recorded in the journal book!

4. Keep an adjusting journal every year!

5. If there are any of the following conditions, record them in a journal with the following data:

a. 3 Executives will take their rights until 31 December 2024

b. 2 people took their rights on June 19, 2024 when the market price of the shares per share was IDR.160,000;

c. 1 other person on 18 December 2024 when the market price of the shares per share was IDR.130,000;

d. 1 person does not take his / her rights until it expires.

Reference no: EM132975042

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