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What amount of liability should Blake recognize on Jan

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Question - On Jan. 1, 2017, Blake Co. granted an equity-settled award to certain employees for services to be rendered over four years from the date of grant. The fair value of the award on grant date is P450,000. On Jan. 1, 2019, the award was modified to include cash alternative. The fair value of the cash-settled is P150,000 but it was settled at P180,000 on Dec. 31, 2020.

Required -

1. What amount of liability should Blake recognize on Jan. 1, 2019 as a result of the modification?

2. What amount of salaries expense should the company recognize on Dec. 31, 2020?

Reference no: EM132854436

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