On January 1, 2018, Permission to Dance Inc. grants to an employee the right to choose either
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Question:
At the date of grant, the entity’s share price is P50 per share. At the end of year 2018, 2019 and 2020, the share price is P52, P55 and P60, respectively. The entity does not expect to pay dividends in the next three years. After taking into account the effects of the post-vesting transfer restrictions, the entity estimates that the grant date fair value of the share alternative is P48 per share.
If the employee has chosen the cash alternative, the amount to be paid at the end of 2020 should be?
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
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