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How much employee benefit expense should be recorded here

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Problem 1: Reniga Ltd issued 3,000 shares to its employee Mr GOOD for nothing in exchange of his service. The book value of the shares was $3,500. The shares had a fair value of $4,900. How much employee benefit expense should be recorded here?

a. $3000
b. $4,900
c. $ 4,200
d. $3,500

Reference no: EM132672644

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