Gold Company granted 30,000 share appreciation rights which entitled key employees to receive cash equal to the difference between P200 and the market price of the share on the date each right is exercised. The service period is 2022 through 2024 and the rights are exercisable in 2025. The market price of the share was P250 and P280 on December 31, 2022 and 2023, respectively. What amount should Gold Company report as liability under the share appreciation rights on December 31, 2023? ANSWER: 1,600,000

The following is a summary of information presented on the financial statements of a company on December 31, 2018 Account 2018 2017 Current Assets  $        86,000.00  $       70,000.00 Accounts Receivable  $        61,000.00  $       69,000.00 Merchandise Inventory  $        63,000.00  $       56,000.00 Current Liabilities  $        56,000.00  $       49,000.00 Long-term Liabilities  $        40,000.00  $       53,000.00 Common Stock  $        71,000.00  $       57,000.00 Retained Earnings  $        69,000.00  $       49,000.00 With respect to Long-term Liabilities, a horizontal analysis reveals ________. A long-term liabilities decreased by 24.56% B long-term liabilities decreased by 24.53% C long-term liabilities decreased by $14,000 D long-term liabilities decreased by $7,000

On 1 July 2019, Quick Buck Ltd took control of the assets and liabilities of Eldorado Ltd. Quick Buck Ltdissued 80,000 shares having a fair value of $2.40 per share in exchange for the net assets of EldoradoLtd. The costs of issuing the shares by Quick Buck Ltd cost $1,600.At this date the statement of financial position of Eldorado Ltd was as follows:                       c                                        Carrying amount              Fair valueMachinery                                                   $40,000                      $67,000Fixtures & fittings                                        60,000                         68,000Vehicles                                                       35,000                          35,000           Current assets                                           10,000                           12,000Current liabilities                                      (16,000)                         (18,000)Total net assets…

Aero Ltd (Aero) has granted 700 share appreciation rights to each of its 400 employees on 1 January 2020. The rights are due to vest on 31 December 2022 with payment payable on 31 December 2023. During 2020, 50 employees leave, and it is anticipated that a further 50 employees will leave during the vesting period. Fair values of the share appreciation rights are as follows: 1 January 2020 $15 31 December 2020 $18 31 December 2021 $20 Required: What liability will be recorded on 31 December 2020 for the share appreciation rights in accordance with HKFRS 2 'Share-based Payments'?   A. $2,520,000   B. $1,260,000   C. $3,780,000   D. $1,680,000