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Question - On 8 April 20X6 Balsam Co entered into a cash-settled share-based payment transaction with a supplier whereby it acquired wood with a fair value of $200,000 in return for a cash payment based on the market value of Balsam Co shares. Payment will be made on 31 August 20X6 and based on the fair value of 50,000 shares. The share price was $4.10 per share on 8 April 20X6 and $4.80 at the year end of 31 July 20X6. What amounts are reported in Balsam Co's financial statements at the yearend 31 July 20X6 in respect of the transaction?
A. an expense of $205,000 and a liability of $205,000
B. an expense of $240,000 and a liability of $240,000
C. an expense of $200,000 and an equity balance of $200,000
D. an expense of $205,000 and an equity balance of $205,000
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