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Question - San Antonio Co. decided to issue 1,000 share options to an employee in lieu of many years' service. However, the fair value of the share options cannot be reliably measured as the entity operates in a highly specialized market where there are no comparable entities. The exercise price is P100 per share and the options were granted at the beginning of current year, when the value of the shares was also estimated at P100 per share. At the end of the current financial year, the value of the shares was estimated at P150 per share and the options vested on that date. What value should be placed on the share options issued for the current year?
Mrs. X, a Canadian citizen, left Canada in 2006 to settle in a country with which Canada has no tax treaty. Determine Mrs. X's residency status for tax purposes
Total budgeted labour-hours were 25,000; however, actual labour-hours were 30,000. Compute the budgeted manufacturing overhead (MOH) rate
Gemstone Corporation has a sales budget for next month of $600,000. Cost of goods sold is expected to be 30 percent of sales. All goods are purchased in the month used and paid for in the month following purchase.
Calculate the cost per equivalent unit of materials.Richards Corporation uses the FIFO method of process costing available for October in its Fabricating
Mr Smith has contributed ?$121.00 at the end of each month into an RRSP paying 5% per annum compounded annually. How much will Smith have in RRSP after 15 years
The equipment had an original cost of 120,000 and was 3/4 depreciated when sold. You are to prepare the missing adjusting entry.
July 15 Completed security services for a graduation event and sent the client a bill for $1,100. Record the journal entries for the month of July
The fraud triangle identifies three critical elements
1. when individual products become identifiable.2. the difference in revenue between alternatives.3. a cost incurred by
Determine the Total Deposits of Globe credited by bank on the month of December. The bank error refers to a note payable of Gloves Inc. charged to Globe Inc.
Suppose you are a department head for the city government. Discuss five key principles related to the basic concepts and theories of public management
Nancy Company issued 200,000 shares of P5 par value at P10 per share. What amount should be reported as appropriated retained earnings at year-end
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