Jupiter Ltd has offered share options of 200 shares to each of its 1,000 employees. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jupiter Ltd has offered share options of 200 shares to each of its 1,000 employees. The vesting condition is that the employees need to remain in continuous employment for the next five years. The estimated fair value of each share option is Tshs 3,000. The entity estimates that 25% of the employees will leave the organisation during the five-year period. Required: Compute the amount to be recognised in the financial statements during those five years Jupiter Ltd has offered share options of 200 shares to each of its 1,000 employees. The vesting condition is that the employees need to remain in continuous employment for the next five years. The estimated fair value of each share option is Tshs 3,000. The entity estimates that 25% of the employees will leave the organisation during the five-year period. Required: Compute the amount to be recognised in the financial statements during those five years
Expert Answer:
Answer rating: 100% (QA)
To compute the amount to be recognized in the financial statements for the share options over the fi... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
Students also viewed these accounting questions
-
The following is the balance sheet and income statement for YUM, Inc. (the company that operates Kentucky Fried Chicken and Pizza Hut), in condensed form, plus some information from the cash flow...
-
The balance sheet and income statement of Eastland Products, Inc., are as follows: Income Statement for Year Ended December 31, 2013 (in Millions of Dollars)...
-
The balance sheet and income statement of Eastland Products, Inc., are as follows: Income Statement for Year Ended December 31, 2016 (in Millions of Dollars)...
-
Consider the following independent situations found during audit testing of Faran Ltd, which has a balance date of 30 June 2019. Assume that all the situations are material. (i)Recent industrial...
-
On July 1, 2016, Amplex Company purchased a coal mine for $2 million. The estimated capacity of the mine was 800,000 tons. During 2016, Amplex mines 10,000 tons of coal per month and sells 9,000 tons...
-
Gear C is rigidly attached to arm AB. If the forces and couple shown can be reduced to a single equivalent force at A, determine the equivalent force and the magnitude of the couple M.
-
Refer to the Arctic Springs Filtration Department Data Set. 1. Compute the December conversion costs in the Filtration Department. 2. If the Filtration Department completely processed 200,000 liters,...
-
The accompanying statements of the parks, recreations, and municipal capital improvement bond fund (a capital projects fund) were drawn from an annual report (dates changed) of Boulder, Colorado....
-
1. Where cursor implementation can be used? 2. List down the applications of List. 3. What are the advantages of linked list? 4. Mention the demerits of linked list? 5. What are the operations...
-
You are to develop a simple Binary Search Tree ADT and run it against a test program. Avoid the temptation of finding code online. I am aware of all the available solutions and will be looking...
-
Suppose in a two commodity market model, the supply Q1, Qs2 and demand Q1, Qd2 functions are given as Qd=10-2P+P, Qaz=15+P-P, Q = 2+3P,, Qs2 =1+2P. (a) Determine the relationship between these two...
-
Funday Park competes with Slide World by providing a variety of rides. Funday sells tickets at $90 per person as a one-day entrance fee. Variable costs are $18 per person, and fixed costs are...
-
2. Cultural Intelligence and Conflict Resolution (CLO 2, CLO 3, PLO 2, PLO 3): Discuss the significance of cultural intelligence in managing conflict within diverse teams. Recommend conflict...
-
What do the below earnings per share says about the company's health? EARNINGS PER SHARE (Net Income / Weighted Average Common Shares Outstanding) Net Income Shares Outstanding (460,000.00)...
-
Assuming that today is the end of 2 0 2 0 , you are considering investing $ 8 , 0 0 0 in your investment account from the end of 2 0 2 1 . The amount of investment will increase at a rate of 5 % per...
-
Myca Corp. has a project with the following cash flows. What is the value of the cash flows today assuming an annual interest rate of 9.3 percent? Year Cash Flow 1234 $1,680 2,090 2,395 2,405
-
Under this model, a hotel provides OTAs net rates that are typically 10 to 30 percent below published levels. Typically, the guest will pay the OTA up front on their credit card and, after the...
-
What are the principal differences among asset liquidity management, liability management, and balanced liquidity management?
-
John Rider wants to accumulate $100,000 to be used for his daughter's college education. He would like to have the amount available on December 31, 2016. Assume that the funds will accumulate in a...
-
Bradley-Link's December 31, 2011, balance sheet included the following items: Note 8: Bonds (in part) The 9.6% bonds were issued in 1998 at 97.5 to yield 10%. Interest is paid semiannually on June 30...
-
On April 17, 2011, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs necessary to prepare the mine for extraction of the coal totaled...
-
A candlestick chart is similar to a bar chart except that the candlestick chart: A. Represents upward movements in price with Xs. B. Also graphically shows the range of the periods highs and lows. C....
-
What considerations might encourage a market analyst to rely more on a top-down or bottom-up forecast of S&P 500 operating earnings?
-
Which of the following criticisms expressed by Ryan about the use of historical data is the least valid? A. In a context of hyperinflation, the approach may not be appropriate. B. The companies...
Study smarter with the SolutionInn App