13. Use the same information given in Problem 12. How much compensation expense should be recorded for the year ended December 31, 2013? O a. P96,000 O b. P108,000 O c. P120,000 d. P258,000

Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 28E
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12. Jane Company has
granted 200 share
appreciation rights to each
of its 300 employees on
January 1, 2012. The rights
are due to vest on December
31, 2013, with payment being
made on December 31, 2014.
During the year 2012, the
company estimated that all
options would vest; although
only 90% of the options
actually vested. Share prices
are listed in the table below.
January 1, 2012
P20
December 31, 2012
24
December 31, 2013
27
December 31, 2014
30
Transcribed Image Text:12. Jane Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2012. The rights are due to vest on December 31, 2013, with payment being made on December 31, 2014. During the year 2012, the company estimated that all options would vest; although only 90% of the options actually vested. Share prices are listed in the table below. January 1, 2012 P20 December 31, 2012 24 December 31, 2013 27 December 31, 2014 30
13. Use the same information *
given in Problem 12. How
much compensation
expense should be recorded
for the year ended
December 31, 2013?
O a. P96,000
O b. P108,000
O c. P120,000
O d. P258,000
Transcribed Image Text:13. Use the same information * given in Problem 12. How much compensation expense should be recorded for the year ended December 31, 2013? O a. P96,000 O b. P108,000 O c. P120,000 O d. P258,000
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