LUse the following information for the next four questions:2. On the basis of a weighted average probability, SUFFUSE Co.x 20% = 20 employees) will leave during the three-year periodyears. SUFFUSE estimates that the fair value of each share optivonoptions to each of its 100 key employees conditional upon eachOn January 1, 20x1, SUFFUSE TO FILL Co. grants 1,000 shateFact pattern:1. On grant date, SUFFUSE estimates that no employees wilemployee remaining in SUFFUSE's employ over the next threeDuring the three-year period, no employees have actually let1. On grant date, SUFFUSE estimates that no emplovesleave the company during the three-year serviceDuring the three-year period, no employees have actuallythe company. Provide all the necessary joumal entries.estimates on January 1, 20x1 that 20 per cent of employees (100and therefore forfeit their rights to the share options. Twenty(20) employees actually left the company during the threeyear period. Fifteen (15) employees left in 20x1 and the otherfive (5) left in 20x3. Provide all the necessary joumal entries,

Given, Number of employees=100 Total share options=1,000 The fair market value of share option =P 30…

Use the following information for the next four questions: Fact pattern: On January 1, 20x1, SUFFUSE TO FILL Co. grants 1,000 shat options to each of its 100 key employees conditional upon each employee remaining in SUFFUSE's employ over the next three years. SUFFUSE estimates that the fair value of each share option is P30. 1. On grant date, SUFFUSE estimates that no employees will leave the company during the three-year service per During the three-year period, no employees have actually leh the company. Provide all the necessary jourmal entries. On the basis of a weighted average probability, SUFFUSE Co. estimates on January 1, 20x1 that 20 per cent of employees (100 x 20% - 20 employees) will leave during the three-year period and therefore forfeit their rights to the share options. Twent (20) employees actually left the company during the three year period. Fifteen (15) employees left in 20x1 and the other five (5) left in 20x3. Provide all the necessary journal entries,

Use the following information for the next four questions: Fact pattern: On January 1, 20x1, SUFFUSE TO FILL Co. grants 1,000 shat options to each of its 100 key employees conditional upon each employee remaining in SUFFUSE's employ over the next three years. SUFFUSE estimates that the fair value of each share option is P30. 1. On grant date, SUFFUSE estimates that no employees will leave the company during the three-year service per During the three-year period, no employees have actually leh the company. Provide all the necessary jourmal entries. On the basis of a weighted average probability, SUFFUSE Co. estimates on January 1, 20x1 that 20 per cent of employees (100 x 20% - 20 employees) will leave during the three-year period and therefore forfeit their rights to the share options. Twent (20) employees actually left the company during the three year period. Fifteen (15) employees left in 20x1 and the other five (5) left in 20x3. Provide all the necessary journal entries,

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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