Voltron Corp. granted a share appreciation right to one of their directors on January 1, 2021. This
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Question:
Voltron Corp. granted a share appreciation right to one of their directors on January 1, 2021. This key employee is entitled to receive cash equal to the appreciation in share price over market value on January 1, 2021 after 3 years service period.
Number of shares = 45,000
Market value of Voltron's shares are as follows:
Jan. 1, 2021 = P100
Dec. 31, 2021 = P90
Dec. 31, 2022 = P120
Dec. 31, 2023 =P110
How much is the accrued salaries payable as of Dec. 31, 2023?
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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