On February 1, 20x1, Seattle Grace Co. offered its key employees share options that enable them to acquire Seattle Grace shares for P320. The shares are selling at P480. On February 5, 20x1, the key employees counter-offered an exercise price of P280 which was accepted by the board on February 6, 20x1. The share options were approved by the shareholders on a general meeting on April 1, 20x1. The key employees received the share options on May 1, 20x1 and are to be exercised on before December 31, 20x1. Information on the fair value of the share options is shown below: 1-Feb 160 1-Apr 1-Мay 166 162 164 5-Feb 168 6-Feb What amount of fair value is assigned to the share options? a. 160 c. 166 d. 168 b. 164

On February 1, 20x1, Seattle Grace Co. offered its key employees share options that enable them to acquire Seattle Grace shares for P320. The shares are selling at P480. On February 5, 20x1, the key employees counter-offered an exercise price of P280 which was accepted by the board on February 6, 20x1. The share options were approved by the shareholders on a general meeting on April 1, 20x1. The key employees received the share options on May 1, 20x1 and are to be exercised on before December 31, 20x1. Information on the fair value of the share options is shown below: 1-Feb 160 1-Apr 1-Мay 166 162 164 5-Feb 168 6-Feb What amount of fair value is assigned to the share options? a. 160 c. 166 d. 168 b. 164

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 3BCRQ

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Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys common stock and an increase in authorized common shares from 100,000 shares (par value 20 per share) to 200,000 shares (par value 10 per share). Baltimores shareholders equity items immediately before issuance of the stock split shares were as follows: What should be the balances in Baltimores Additional Paid-in Capital and Retained Earnings accounts immediately after the stock split is effected?
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