Entity A is an unlisted entity, and its shares are owned by two directors. The directors have 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 companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 per share. At the end of the financial year, December 31, 20X4, the value of the shares was estimated at P150 per share and the options vested on that date.Requirement: Provide all the entries in 20x4.Answers based on the requirement.. :) thank you! 9. Entity A is an unlisted entity, and its shares are owned by twodirectors. The directors have decided to issue 1,000 shareoptions to an employee in lieu of many years' serviceHowever, the fair value of the share options cannot be reliablymeasured as the entity operates in a highly specialized marketwhere there are no comparable companies. The exercise priceis P100 per share, and the options were granted on January 1,20X4, when the value of the shares was also estimated at P100per share. At the end of the financial year, December 31, 20X4,the value of the shares was estimated at P150 per share andthe options vested on that date.Requirement: Provide all the entries in 20x4.(Adanted)

ESOP is issued at less than the market price of the share to the employees.

9. Entity A is an unlisted entity, and its shares are owned hy directors. The directors have 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 companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 share. At the end of the financial year, December 31, 20X4, per the value of the shares was estimated at P150 per share and the options vested on that date. Requirement: Provide all the entries in 20x4. (Adanted)

9. Entity A is an unlisted entity, and its shares are owned hy directors. The directors have 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 companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 share. At the end of the financial year, December 31, 20X4, per the value of the shares was estimated at P150 per share and the options vested on that date. Requirement: Provide all the entries in 20x4. (Adanted)

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 52P

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Entity A is an unlisted entity, and its shares are owned by two directors. The directors have 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 companies. The exercise price is P100 per share, and the options were granted on January 1, 20X4, when the value of the shares was also estimated at P100 per share. At the end of the financial year, December 31, 20X4, the value of the shares was estimated at P150 per share and the options vested on that date. Requirement: Provide all the entries in 20x4.
Reality Corporation 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 on January 1, 2016 when the value of each share was also estimated at P100 per share.At the end of the financial year, December 31, 2016, 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 year ended December 31, 2016? a. 25,000 b. 150,000 c. 50,000 d. 100,000
Phoenix Company decided to issue 2,000 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 on January 1, 2021, when the value of the shares was also estimated at P100 per share. At the end of the financial year, December 31, 2021, the value of the shares was estimated at P140 per share, and the options vested on that date. What value should be placed on the share options issued for the year ended December 31, 2021?
Elizabeth Corporation decided to issue 2,000 share options to an employee in exchange of years of 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 P200 per share and the options were granted on January 1, 2016 when the value of each share was also estimated at P200 per share. On December 31, 2014, the value of the shares was estimated at P130 per share and the options vested on that date. What value should be placed on the share options issued for the year ended December 31, 2014?
Ashleigh, a public limited company, has granted share options to its employees with a fair value of P6 million. The options vest in three years' time. The Monte-Carlo model was used to value the options, and these estimates had been made • Grant date (January 20X4): estimate of employees leaving the entity during the vesting period – 5% • January 1, 20X5: revision of estimate of employees leaving to 6% before vesting date • December 31 20X6: actual employees leaving 5%Requirement: Provide all the entries from 20x4 to 20x6.
1) Oman LLC is a company with a December 31 year end. On January 1, 2015, the company acquires 3,000 shares of Abu Hasan LLC at a cost of OMR 100 per share. Transaction costs total OMR 3000. The investment does not give Oman LLC influence over, or control of Abu Hasan LLC. Oman LLC classifies these shares as held for trading. On December 31, 2015, the fair value of the Abu Hasan shares has increased to OMR 120 per share. The Abu Hasan LLC shares did not declare or pay any dividends during 2015. On March 1, 2016, Oman LLC sells all of the Abu Hasan LLC shares for OMR 118 per share. Transaction costs for the disposal are OMR 3100.Prepare Journal Entries in the books of Oman LLC
49. 8) On January 1, 2024, La-Dee-Da Company awarded 16.1 million of its $1 par common shares to key officers, subject to forfeiture if employment is terminated within three years. On the date of the grant, the stock had a market price of $3 per share. Required: 16. 16.1 32 2 1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entry to record the award on January 1, 2024. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2024. 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2025. 5. Prepare the appropriate journal entry to record compensation expense on December 31, 2026. 6. Prepare the appropriate journal entry to record the lifting of restrictions on December 31, 2026.
NF Corporation issues P15 par value ordinary shares during 2021. The company received subscription from Mr. Navarro for 25,000 shares at P18 per share receiving 45% of the subscription price. On due date, Mr. Navarro failed to pay the balance of the subscription. The shares were subsequently declared delinquent and were advertised for sale at a public auction incurring P4,000 for advertising the sale. At the public auction, the company received bids from Mr. Pineda for 10,000 shares, Mr. De Torres for 9,000 shares, and Mr. Belen for 12,000 shares. The balance of the subscription price was outstanding for two months and was subject to 12% interest. How much cash was collected from the highest bidder?
10. Melissa Corporation granted share options to its employees with a fair value of P4,500,000 on January 1, 2012. The options vest in three years and the options are exercisable starting January 1,2015 until December 31, 2016. On December 31, 2012, it was estimated that 5% of employees will leave the entity during the vesting period. This estimate was revised to 6% during the year 2013. On December 31, 2014, employees record indicates that 90% of the employees stayed and became entitled to the options. What would be the expense charged during the year ended December 31, 2012? O a. P1,350,000 O b. P1,410,000 O c. P1,425,000 O d. P1,500,000
10. Melissa Corporation granted share options to its employees with a fair value of P4,500,000 on January 1, 2012. The options vest in three years and the options are exercisable starting January 1,2015 until December 31, 2016. On December 31, 2012, it was estimated that 5% of employees will leave the entity during the vesting period. This estimate was revised to 6% during the year 2013. On December 31, 2014, employees record indicates that 90% of the employees stayed and became entitled to the options.
NEED ASAP. Solve correctly and show your computations. NXP Corporation issues P15 par value ordinary shares during 2021. The company received subscription from Mr. Navarro for 25,000 shares at P18 per share receiving 45% of the subscription price. On due date, Mr. Navarro failed to pay the balance of the subscription. The shares were subsequently declared delinquent and were advertised for sale at a public auction incurring P4,000 for advertising the sale. At the public auction, the company received bids from Mr. Pineda for 10,000 shares, Mr. De Torres for 9,000 shares, and Mr. Belen for 12,000 shares. The balance of the subscription price was outstanding for two months and was subject to 12% interest. How much cash was collected from the highest bidder?
Shanghai Inc. has granted share options to employees. The total compensation expense to the vesting date of December 31, Year 4 has been calculated at P6,000,000. The entity has decided to settle the award early on December 31, Year 3. The compensation expense charged since the date of grant on January 1, Year 1 was P1,500,000 for Year 1 and P1,300,000 for Year 2. The compensation expenses that would have been charged for Year 3 is P1,200,000. What is the compensation expense for Year 3? A. 3,200,000 B. 0 C. 1,200,000 D. 2,000,000