Reference no: EM132696644
Gibson Company reported the following remuneration and other payments made to the entity's chief executive officers during the current year:
Annual salary 2,000,000
Share options and other salary-based payments 1,000,000
Contributions to retirement benefit plan 500,000
Reimbursement of travel expenses for business trips 1,200,000
Problem 1: What total amount should be disclosed as compensation to key management personnel?
a. 3,500,000 b.4,700,000 c. 3,000,000 d. 2,500,000