Butane Company made the following payments to Mr. Paul Kim , CEO during the current ye Annual Salary 3,000,000 Automotive Loan 2,000,000 Housing Loan 5,000,000 Representation Expense 150,000 Traveling expense Stock option plan Contributions to retirement benefit plan 450,000 600,000 500,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the total amount that should be disclosed as compensation to key management personnel for Butane Company?

a. 11700000
b. 10000000
c. 10500000
d. 11100000
Butane Company made the following payments to Mr. Paul Kim, CEO during the current year:
Annual Salary
3,000,000
Automotive Loan
2,000,000
Housing Loan
5,000,000
Representation Expense
150,000
Traveling expense
450,000
Stock option plan
600,000
Contributions to retirement benefit plan
500,000
Transcribed Image Text:Butane Company made the following payments to Mr. Paul Kim, CEO during the current year: Annual Salary 3,000,000 Automotive Loan 2,000,000 Housing Loan 5,000,000 Representation Expense 150,000 Traveling expense 450,000 Stock option plan 600,000 Contributions to retirement benefit plan 500,000
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