Question: Problem 24-19 (IAA) Under the executive share option plan, Marien Company granted options on January 1, 2020 that permit executives to purchase 15,000 P100 par

Problem 24-19 (IAA) Under the executive share option plan, Marien Company granted options on January 1, 2020 that permit executives to purchase 15,000 P100 par ordinary shares within the next eight years but not before December 31, 2022. The exercise price is the market price of the shares on the date of grant. The fair value of the share option estimated by an appropriate option pricing model is P40. No forfeitures were anticipated. However unexpected turnover during 2021 caused the forfeiture of 5% of the share options. What is the compensation expense for 2021? a. 200,000 b. 190,000 c. 180,000 0

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