Question: A contractor has been appointed to complete alterations to buildings owned by Bangkok. The contract price is fixed at 3,500,000. After completion of specific milestones,

A contractor has been appointed to complete alterations to buildings owned by Bangkok. The contract price is fixed at €3,500,000. After completion of specific milestones, the work is certified by independent controllers. On receipt of a certificate, 60% of the amount certified is payable in cash, and the balance by issuing shares at their market value to settle the remaining 40% balance. The shares have a nominal value of €5. On March 31, 2021, Bangkok received a certificate of €3,500,000 when the fair value of the shares was €55.

Record this transaction according to share-based payment standard on these different Scenarios.

All the payment will be on shares.

The fair value of shares is less than nominal price of shares

The fair value of shares above than the nominal price of shares

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