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Question - On 1 July 2019 Cooloola Ltd provided 1 million options to its chief executive officer. The options were valued at $1 each and allowed the chief executive officer to acquire shares in Cooloola Ltd for $7 each. The chief executive officer is not permitted to exercise the options before 30 June 2021 but may then exercise them any time between 1 July 2021 and 30 June 2022. The market price of the Cooloola Ltd shares on 1 July 2019 was $6.50. On 31 December 2021 the share price reaches $7.70 and the chief executive officer decides to exercise 900 000 options and acquire the shares in Cooloola Ltd and the rest options lapse.
Required: Prepare general journal entries to record the above events. Narrations are required.
What would be adjusted balance of the Allowance account under Income statement apprroach.
How will the development above affect the accounting for Commonwealth Edison's bond issue?
a) At the meeting of the marketing staff, you have to explain what this output means. What will you say? b) What advice would you give the company about the upcoming ad campaign?
in the current year bill parker 54 oak drive st.paul mn 55162 is considering making an investment of 60000 inbest
No taxes and keeping the money you make what a novel concept and one that kept Bob Walker happy. His only requirements were that he pays into his employee's pension plan and their healthcare by matching what they paid into it.
What are the Advantages & Dis-Advantages of Computerized Accounting System & Manual Accounting System?
During 2011, Company X sells 500,000 units for $8 each. Sales discounts are $100,000 and sales returns and allowances are $300,000. The company reported a total of $710,000 in fixed assets on January 1, 2011 and $890,000 in fixed assets on Decembe..
Prepare a bank reconciliation to determine your correct checking account balance
Assuming no elections are made, determine his current year (2016) charitable contribution deduction and the amount of any carryover to next year (2017)
What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
The usual impetus for transactions that create a long-term debtor-creditor relationship between members of a consolidated group is due to the:
the records of kirkham inc. showed the following about a machine on january 1 1999purchased on 1196 for
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