What is the compensation expense for 2020? *see attached a. 150,000 b. 100,500 c. 300,000 d. 400,000

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What is the compensation expense for 2020?
*see attached


a. 150,000
b. 100,500
c. 300,000
d. 400,000

On Jan. 1, 2020, Gon Company granted an employee an option to purchase
20,000 ordinary shares with Php5 par value at Php20 per share.
The option became exercisable on Dec 31, 2021, after the employee
completed two years of service. The fair value of the share option is Php15.
The option was exercised on Jan 10, 2022.
The share prices are Php30 on Jan. 1, 2020, Php50 on Dec. 31, 2020, and
Php60 on Jan. 10, 2022.
Transcribed Image Text:On Jan. 1, 2020, Gon Company granted an employee an option to purchase 20,000 ordinary shares with Php5 par value at Php20 per share. The option became exercisable on Dec 31, 2021, after the employee completed two years of service. The fair value of the share option is Php15. The option was exercised on Jan 10, 2022. The share prices are Php30 on Jan. 1, 2020, Php50 on Dec. 31, 2020, and Php60 on Jan. 10, 2022.
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