At January 1, 2016, Ginobili Company had issued 69,000 executive stock options permitting executives to buy...

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At January 1, 2016, Ginobili Company had issued 69,000 executive stock options permitting executives to buy 69,000 shares of stock for $20. The fair value of the options and vesting schedule is estimated as follows: Fair Value per Option $ 5 $ 7 Vesting Amount Date Vesting 10% Dec. 31, 2016 Dec. 31, 2017 30% Dec. 31, 2018 60% $10 Assuming Ginobili prepares its financial statements in accordance with International Financial Reporting Standards, what is the compensation expense related to the options to be recorded in 2016? At January 1, 2016, Ginobili Company had issued 69,000 executive stock options permitting executives to buy 69,000 shares of stock for $20. The fair value of the options and vesting schedule is estimated as follows: Fair Value per Option $ 5 $ 7 Vesting Amount Date Vesting 10% Dec. 31, 2016 Dec. 31, 2017 30% Dec. 31, 2018 60% $10 Assuming Ginobili prepares its financial statements in accordance with International Financial Reporting Standards, what is the compensation expense related to the options to be recorded in 2016?

Answer rating: 100% (QA)

Answer Calculation The cost for the year is recognized when the vesting of options takes place I... View the full answer