How much is credited to the share premium account

Assignment Help Financial Accounting
Reference no: EM132715919

Problem 1: On January 1,2020, Corp issued 200 share options to each of its 10 executive officers. The options vest at the end of a 6-year period. On the date of grant, each share option had a fair value of P 15. Corp expects that all 2,000 options will vest. After the 6 year period, all executives are still in the employ of Corp and 5 executives exercised their option and purchased the shares for P 20 each. The par value of each share is P 15. How much is credited to the share premium account if 5 of the executives exercised their share options?

Reference no: EM132715919

Questions Cloud

How much should company carry as liability for gian : Company's employees earn two weeks of paid vacation, At Dec. 31, 2020, how much should company carry as liability for gian's accumulated vacation time?
Discuss what performance management is : Discuss what performance management is and how it influences effective teams. Review table 11.1, define leadership behaviors (in your own words).
Which the required adjusting entry at the end of year : Costing $14,500 were on hand. Reversing entries are used by this company. The required adjusting entry at the end of year 3 will include a debit to
Discuss a current business process in a specific industry : Discuss a current business process in a specific industry. Note the following: The current business process itself. The industry the business process.
How much is credited to the share premium account : The par value of each share is P 15. How much is credited to the share premium account if 5 of the executives exercised their share options?
Find the transformation matrix r : Find the transformation matrix R that describes a rotation by 60° about an axis from the origin(0,0,0) through the point (1, 1, 1).
Explain what cost-benefit analysis : Explain what cost-benefit analysis and cost-effectiveness analysis are and how they could be used to assist with resource allocation in relation to analysing
Advantages and disadvantages of series and parallel circuits : Why do households use parallel type of electrical connection? Explain.
What is the present value of investment that will generate : What is the present value of an investment that will generate $100,000 in the first year, $200,000 in the second and $300,000 in the third

Reviews

Write a Review

Financial Accounting Questions & Answers

  Create a cost of production report for filling department

Create a cost of production report for the Filling Department for January. Discuss the uses of the cost of production report and the results of part (3).

  Calculate the company inventory turnover

Inventory Turnover and Days' Sales in Inventory. Calculate the company's inventory turnover and days' sales in inventory for both years.

  Operations involves large outflows of cash

What related to the firm's expansion of its operations involves large outflows of cash? Identify the two largest items including the dollar values.

  Inventory system

a company and tell what type of inventory system they use and why you think this is a correct or an incorrect choice. For example, A supermarket uses a LIFO for its produce.

  Estimated manufacturing overhead cost

Ryan's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost ?$235,000 Actual manufacturing overhead cost ?$244,000 Estimated machine hours ?20,000 Actual machine hours ..

  What amount should cornwell show in the investment account

What amount should Cornwell show in the investment account at December 31,2010 if the beginning of the year balance in the account was $40,000?

  Compute how many units must be sold to break even

Bros Inc sells a single product. their most recent income statement is given below: compute how many units must be sold to break even?

  Which is not true about the times-interest-earned ratio

Which is not true about the times-interest-earned ratio? The greater the times interest earned the lower the risk of defaulting on the firm's debt.

  Question 1 on january 3 2011 open inc acquired land from

question 1. on january 3 2011 open inc. acquired land from closed company in a noncash transaction. open inc. gave

  What was the number of equivalent units of production

If Department H had 526 units, 54% completed, in process at the beginning of the period, 6,379 units were completed during the period, and 575 units were 34% completed at the end of the period, what was the number of equivalent units of production fo..

  Journal entries in good form and without abbreviations

Record the following journal entries in good form and without abbreviations. Do not provide explanations beneath your journal entries. Goods costing $150,000 to produce were sold on credit for $225,000. Only record the goods leaving the company. Assu..

  What will be the carrying value of the equipment

It is being depreciated using the reducing balance method by 50% annually. What will be the carrying value (NBV) of the equipment on 31 December 2019?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd