Problem 25-3 (IFRS)Norway Company granted 200 share appreciation rights toeach of the 500 employees on January 1, 2020.The rights are due to vest on December 31, 2023 withpayment being made on December 31, 2023 and expire. onDecember 31, 2024. Only 80% of the awards vested.Share priceJanuary 1, 2020 (Predetermined price)December 31, 2020, 2021 and 2022December 31, 2023December 31, 2024150180210190The share appreciation rights were exercised on December31, 2024.Required:Prepare journal entries from 2020 to 2024 in connection withCe share appreciation rights.er

In the question, Share Appreciation rights are granted on January 1, 2020 and it will vest to the…

Answered: Problem 25-3 (IFRS) Norway Company…

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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Norway Company investments to Latvia Company are: Preference share capital 15% Ordinary share capital 40% Latvia Company's share capital outstanding on December 31 2021. is as follows: 10% Cumulative preference share capital P2,000.000 Ordinary share capital 7.000.000 Latvia Company reported a net income of P5.000.000 for the year ended Doccember 31. 2021. How much is the investment income for December 31. 2021?
Problem 3-12 On January 1, 2019, an entity granted to a senior executive 20,000 share options, conditional upon the executive’s remaining in the entity’s employ until December 31, 2021. The par value per share is P50. The exercise price is P100. However, the exercise drops to P80 if the entity’s earnings increase by at least an average of 10% per year over the three-year period. On grant date, the entity estimates that the fair value of the share option is P30 if the exercise price is P80. If the exercise price is P100, the fair value of the share option is P25. During 2019 and 2020, the earnings increased by 12% and 11% respectively. However, during 2021, the earnings increased only by 4%. Required: A. Prepare journal entries from 2019 to 2021
None
pls help and if needed, provide supporting computations
Problem 11. On May 5, 2019, MacDougal Corp. exchanged 2,000 shares of its P25 par value ordinary treasury shares for a patent owned by Masset Co. The treasury shares were acquired in 2018 for P45,000. At May 5, 2019, MacDougal's ordinary shares was quoted at P38 per share, and the patent had a carrying value of P68,000 on Masset's books. MacDougal should record the patent at what amount?
QUESTION 11 In respect to the investment in 60% of the share capital in DAC Enviro Ltd (DAC): JJ Victory purchased 1.2 million (of DAC's 2.0 million issued share capital.) on 1 April 2021 In addition to the £45.0 million cash paid on the acquisition date, JJ Victory issued a one for eight share exchange. The market value of Victory shares on 1 April 2021 was £72.21 per share. The market value of JJ Victory shares on 30 September 2021 was £76.12. You confirm future payments of £20 million are payable in 2 years after acquisition (1 April 2023). JJ Victory applies discount rate of 7% on future payments and pro-rates finance costs charged in the period. Question: The total of the balance included in liabilities recognised in the statement of financial position at 30 September 2021 in respect to the investment in DAC Enviro Ltd is: O a. £17.47 million b. £106.65 million O c. £18.08 million O d. £18.69 million O e. £20.00 million
L 30
Item 1 Item Details When the financial controller was providing details on the employee share schemes at Knappa, it was identified that share options granted to the production staff on 1 July 2022 were not accounted for in the year ended 30 June 2023 financial statements. On 1 July 2022, 1,000 share options were granted to each of Knappa's 30 production employees, on the condition that the employees remain with the company for the next two years and that the share price increases from $26.50 per share on 1 July 2022 to $35 per share on 30 June 2024. If the share price target at 30 June 2024 is achieved, the share options can be exercised at any time over the subsequent 12 months (ie up to 30 June 2025). The fair value of each share option at the grant date was $5.60. You have obtained the following information: Year Number of employees who departed during the year No of employees expected to depart in future years 30.06.2023¹ 30.06.2024 1. This information was obtained at 30 June 2023;…
What is the term used to describe financial data comparisons conducted inside a company?
Problem 4 On December 29, 2018, Blue Company was registered at the Securities and Exchange Commission with 100,00 authorized shares of P100 par value. The following were Blue's transactions: December 29, 2018 May 14, 2019 August 9, 2019 December 31, 2019 Issued 40,000 shares at P105 per share. Purchased 600 of its ordinary shares at P110 per share. 400 treasury shares were resold at P95 per share. Profit for 2019 is P830,000. Dividends paid P200,000. 34. What is the total outstanding shares? 35. What is the balance of treasury shares? 36. How many shares are entitled to receive dividends? 37. What is the total shareholders' equity? Problem 5 Partners A & B have capital balances of P600,000 and P400,000 and share profits and losses in the ratio of 3:2, respectively, before the admission of C. With the consent of B, A sells one-half of his equity to C, with C paying A the amount of P350,000. 38. What is A's capital balance after the admission of C? 39. What is the total partnership…
Fnanciol ACCOunting Chapter 11 Page 32 12. On Juy 1,2020, Ward Company purchased 5,000 of the P1000 face value,o bonds of Jury Company for P4,614,000 to yiekd 10% per annum. The bonds,WN mature on JUly 1,2025, poy interest semiannually on Janvary 1 and JDIY 1. Wara Uses the interest method of amortization and the bonds are appropriarey Tecorded as an investment at amortized cost. The bonds should be reponed i Ward's December31,2020 statermentof financialpositionnat Q. 4,583,300 b,4న44,700 C. 4,675400 d. 4,969,300 106 0000 foce voue of Show
Problem 5: (Share-based compensation: Share appreciation rights) TINCTURE Company granted 300 share appreciation rights to each of the 500 employees on January 1, 2020. The rights are due to vest on December 31, 2023 with payment being made on December 31, 2023 and expire on December 31, 2024. Only 75% of the awards vested. Share price January 1, 2020 (pre-determined price) December 31, 2020, 2021, and 2022 December 31, 2023 150 180 210 December 31, 2024 190 The share appreciation rights were exercised on December 31, 2024. Requirements: 1. Compute for the compensation expense for: 18. 2020 19. 2022 20. 2023 21. 2024

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