What faith co shall recognize gain on reversal of share

Assignment Help Financial Accounting
Reference no: EM132742040

Problem 1: On January 1, 2020, FAITH Co. granted its president 50,000 share appreciation rights. The rights are exercisable immediately and expire on December 31, 2021. On exercise, the president is entitled to receive cash for the excess of the share market price on exercise date over the market price on grant date. The president did not exercise any of the rights in 2020. The market price of the share was P100 on January 1, 2020 and P115 on December 31, 2021. The president exercised the rights on December 31, 2021 when the market price was P110. As a result of the share appreciation rights, FAITH Co. shall recognize gain on reversal of share appreciation rights in 2021 at?

Reference no: EM132742040

Questions Cloud

Calculate the amount of dollars the US investor will receive : The spot rate of the Canadian dollar is $0.71, the forecasted spot rate year from now is $0.74, Calculate the amount of dollars the US investor will receive
What is the insurance expense that will feature in kappa : Kappa Ltd has a year end of April 30th. What is the insurance expense that will feature in Kappa's income statement for the year ended 30 April 2011?
Identify one issue in product design : There are many issues in product design. Identify one issue in product design, provide the name and provide a short explanation
Calculate the accounts receivable balance : Leaning Tower of Pizza, Inc., is preparing its master budget for its first quarter of business. It expects to sell 1,000 pizzas at $11 per pizza per month.
What faith co shall recognize gain on reversal of share : On January 1, 2020, As a result of the share appreciation rights, FAITH Co. shall recognize gain on reversal of share appreciation rights in 2021 at?
Does sam have any income from this housing arrangement : The fair rental value of the home is $48,000. Does Sam have any income from this housing arrangement
Explain the assumption or principle involved : Marietta Corp. had the following reporting issues during the year: For each of the situations, identify the assumption or principle involved.
Control the quality of services in the or : Describe tools to control the quality of services in the OR.
How much is allocated to the preference shares : How much is allocated to the preference shares? COMBO Co. issued 20,000 shares of its P25 par value ordinary shares and 4,000 shares

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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