On April 1, 2005 Gypsy LTd (GL) granted employee stock option plan (ESOP) to its employees for
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On April 1, 2005 Gypsy LTd (GL) granted employee stock option plan (ESOP) to its employees for allotting 100 shares to each employee at a price of ₹ 20 per share, whereas face value and market value of the share on this date was ₹ 10 and ₹ 35, respectively. There were 400 employees who exercised the right to buy such shares granted by the company. Show how the expense is to be recognized.
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The cost of ESOP for GL is 15 per share ie the difference between market price and issue price ...View the full answer
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Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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