On 1s: October, 2020. A Limited granted 25.000 Employees Stock Option at ? 70 per share....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
On 1s: October, 2020. A Limited granted 25.000 Employees Stock Option at ? 70 per share. The market price of share was 130 per share. The options were to be exercised between 1** December, 2020 and 31 March, 2021. The face value of shares is 10 each. The employees exercised option for 18,000 shares only and the balance options lapsed. The company closes its books of accounts on 31s March every year. Pass necessary journal entries with narration to record the transaction in the books of the company. On 1s: October, 2020. A Limited granted 25.000 Employees Stock Option at ? 70 per share. The market price of share was 130 per share. The options were to be exercised between 1** December, 2020 and 31 March, 2021. The face value of shares is 10 each. The employees exercised option for 18,000 shares only and the balance options lapsed. The company closes its books of accounts on 31s March every year. Pass necessary journal entries with narration to record the transaction in the books of the company.
Expert Answer:
Answer rating: 100% (QA)
Journal entries for the share based payments of A limited Date Journal Ent... View the full answer
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Posted Date:
Students also viewed these accounting questions
-
Market Price. What is the market price of a $1,000, 8 percent bond if comparable market interest rates rise to 10 percent and the bond matures in 14 years?
-
On 23 January 1987, the market price of a West Jefferson Development Bond was $1,122.32. The bond pays $59 in interest on 1 March and 1 September of each of the years 19871993. On 1 September 1993,...
-
The market price of an $1070000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is A) $1203346 B) $1212599 C) $2003424 D) $1201492
-
A solid conducting cylinder of radius 0.1 m and mass of 4 kg rests on horizontal conducting rails (Figure). The rails, separated by a distance a?= 0.4 m, have a rough surface so the cylinder rolls...
-
Refer to the Journal of Experimental Psychology-Applied (June 2000) study in which the "name game" was used to help groups of students learn the names of other students in the group, presented in...
-
Samuel Cox, owner of Cox Video Center, sent the income statement shown on the next page to several of his creditors who had asked for financial statements. The business is a sole proprietorship that...
-
As a customer, think back to a recent sales presentation that you felt went well. What made it good? What did the salesperson do (or not do) that most impressed you? Did you buy the product or...
-
The plane wall with constant properties and no internal heat generation shown in the figure is initially at a uniform temperature T i Suddenly the surface at x = L is heated by a fluid at T having a...
-
Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: ($ in millions) Temporary Differences Reported First on: The Income Statement...
-
Read the Workplace Policies and Procedures Example - Pinkies Pizza and Pasta A: You witness a fellow staff member cough into his hand. The staff member then picks up pre-made sandwiches (without...
-
Six years ago, Heart U, Inc. issued $33 million of 8 percent, semi-annual, 21-year bonds. The issue can be called at a premium of 8 percent. Flotation costs of 4 percent of the face value are being...
-
What ethical considerations arise in the context of leadership succession planning and executive compensation, balancing organizational interests with individual rights and fairness principles?
-
What strategies can leaders employ to foster a culture of ethical integrity within organizations, integrating principles of ethical leadership theory and transformational leadership approaches ?
-
If Allison's Form W-2 reported $5,000 of employer-paid dependent care benefits in box 10, how much would her Child and Dependent Care Credit be?
-
Present Value Computations Using the present value tables, solve the following. Round your answers to two decimal places. Required: 1. What is the present value on January 1, 2016, of $30,000 due on...
-
Explain whether the company should invest in the Canadian facility and why?
-
The data is the string S[1..n] and the pattern P[0.. m - 1], where 1
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
Keys, Inc., compared the cost of its marketable securities to their market value at the end of 2010. This comparison follows: Management would like to classify these securities as available- for-...
-
Ray Corporation, a small manufacturing firm, wants to establish a pension fund for its 10 employees who range from 28 to 51 years of age. Ray wants each employee who retires from the firm at age 65...
-
Grauberger Company has provided the following budgeting information for you to determine its expected bonus payments and cash outflows. Graubergers bonus rate is 15 percent and its tax rate is 20...
-
Attach LEDs to your system bus so that you can monitor its activity. For example, use an LED to monitor the read/write line on the bus.
-
Describe the role of these signals in a bus: a. R/W b. data ready c. clock
-
Draw a UML sequence diagram that shows a four-cycle handshake between a bus master and a device.
Study smarter with the SolutionInn App