Question: On January 1 2011 Pacer Ltd paid 1 000 for the

On January 1, 2011, Pacer Ltd. paid $1,000 for the option to buy 5,000 of its common shares for $25 each. The contract stipulates that it may only be settled by exercising the option and buying the shares. How should this be accounted for in the financial statements of Pacer Ltd.? Assume that Pacer Ltd. complies with IFRS.



Sale on SolutionInn
Sales0
Views102
Comments
  • CreatedAugust 23, 2015
  • Files Included
Post your question
5000