User Account

All Pages

Provide all the entries

Assignment Help Accounting Basics
Reference no: EM132956171

Question - Entity A is an unlisted entity, and its shares are owned by two directors. The directors have decided to issue 1,000 share options to an employee in lieu of many years' service. However, the fair value of the share options cannot be reliably measured as the entity operates in a highly specialized market where there are no comparable companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 per share. At the end of the financial year, December 31, 20X4, the value of the shares was estimated at P150 per share and the options vested on that date. Provide all the entries in 20x4.

Reference no: EM132956171

Questions Cloud

Describe why you chose these two versus the others : Describe why you chose these two versus the others and, given your experience in this course, what you are considering for your capstone
What control systems are being used by healthwize : What control systems are being used by Healthwize and what are they measuring?
What purpose does the federal trade commission serve : What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?
Explain expression of the knirps gene : 4 classes of transcription factor genes that act sequentially to control pattern formation in drosophila: maternal genes (nanos), gap genes (knirps), pair-rule
Provide all the entries : The value of the shares was estimated at P150 per share and the options vested on that date. Provide all the entries in 20x4
What were flotation costs as a fraction of funds raised : What were flotation costs as a fraction of funds raised? Moonscape has just completed an initial public offering. The firm sold 3 million shares at offer price.
What is the incremental profit : What is the incremental profit? Enter your answer in dollars. For example, an answer of $4 million should be entered as 4,000,000, not 4.
Compute the net monetary items : An entity has the following accounts and their balances: Cash 1,000,000 Accounts payable 1,700,000. Compute the net monetary items
Compute the CM ratio and breakeven points in dollars : PINK Ltd produces traditional equipment, known as product A, which is sold for $40. Compute the CM ratio and breakeven points in dollars

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare general journal entries

Prepare general journal entries, as necessary to record the transactions described below in the Street Improvement Bond Debt

  If you get a negative number enter it with a minus sign ie

use the following contribution margin statementproduct aproduct btotalsales volume

  Calculate the changes in the financial statements

BUS103 Accounting for Managers Team Assignment. Required: In relation to the financial statements of Stratum Limited given below answer the following questions. Calculate the changes in the financial statements from 2017 to 2016 in both dollar amount..

  Create operating activity section of statement of cash flows

Thornton Company's income statement contained the condensed. Create the operating activities section of the statement of cash flows using the indirect method.

  What are the internal controls that need to be implemented

What documents and information will you need to convert to the computerized system? What are the Internal Controls that need to be implemented?

  Determine cost of goods sold

Determine cost of goods sold during the period under a periodic inventory system using (a) the FIFO method, (b) the LIFO method

  Prepare a bond amortization schedule using the effective

Prepare a bond amortization schedule using the effective interest method. A 10 year bond with a face value of $250,000, stated interest rate of 4%

  Case study of micro chip corporation

Micro Chip Corporation (MCC) has a special PO Box for customer payment. Jane is responsible for: going to the post office every day, emptying the post office box, opening the mail, making a prelist, sending the remittance advices to accounts recei..

  Describe the process of the product owner

Describe the process, role, and responsibilities of the product owner. The target audience is the stakeholder from a traditional project management

  Jan cain deposited 19500 in the bank on january 1 1993 at

the following situations involve the application of the time value of money concept1. jan cain deposited 19500 in the

  Compute the cost of ending inventory under the fifo method

Assume that Brian uses a periodic inventory system and that there are 760 units left at the end of the month. Compute the cost of ending inventory

  What is the effect on Belinda gross income

The cost of the services provided to her was $18,000 ($300 per day). What is the effect on Belinda gross income

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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