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On January 1, 20X2, Gretta Corp. which follows IFRS and has a December 31 year-end, granted 1,000 stock options to each of its 300 employees. The options have a three-year vesting period. At the grant date, the fair value of each option was $2.80.
Additional information follows:
Problem 1: What amount of compensation expense will Gretta recognize in 20X3, related to these options?
Job costing; actual, normal, and variation from normal costing. Cheney & Partners, a Quebecbased public accounting partnership, specializes in audit services.
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