On January 1, 2019, Magilla SA granted share options to officers and key employees for the purchase
Question:
On April 1, 2020, 3,000 options were forfeited when the employees resigned from the company. The market price of the ordinary shares was €35 per share on this date.
On March 31, 2021, 12,000 options were exercised when the market price of the ordinary shares was €40 per share.
Instructions
Prepare journal entries to record issuance of the share options, forfeiture of the share options, exercise of the share options, and charges to compensation expense, for the years ended December 31, 2019, 2020, and 2021.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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