Q18: Brie granted 10,000 equity settled share based payments to its 20 directors on 1 January 2015. Theoptions vest on 31 December 2017. It is anticipated that none of the directors will leave over the threeyear period. The fair value of the option is as follows:1 January 201512.0031 December 201513.5031 December 201613.8031 December 201714.20Prepare the extracts to be shown in the statement of profit or loss and the statement of financialposition for each of the three years ended 31 December 2015 to 31 December 2017.

Income statement: The income statement determines the net income of the business by subtracting the…

Answered: Prepare the extracts to be shown in the…

Prepare the extracts to be shown in the statement of profit or loss and the statement of financial position for each of the three years ended 31 December 2015 to 31 December 2017.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Q18: Brie granted 10,000 equity settled share based payments to its 20 directors on 1 January 2015. The
options vest on 31 December 2017. It is anticipated that none of the directors will leave over the three
year period. The fair value of the option is as follows:
1 January 2015
12.00
31 December 2015
13.50
31 December 2016
13.80
31 December 2017
14.20
Prepare the extracts to be shown in the statement of profit or loss and the statement of financial
position for each of the three years ended 31 December 2015 to 31 December 2017.

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