Butane Company made the following payments to Mr. Paul Kim , CEO during the current ye Annual Salary 3,000,000 Automotive Loan 2,000,000 Housing Loan 5,000,000 Representation Expense 150,000 Traveling expense Stock option plan Contributions to retirement benefit plan 450,000 600,000 500,000
Butane Company made the following payments to Mr. Paul Kim , CEO during the current ye Annual Salary 3,000,000 Automotive Loan 2,000,000 Housing Loan 5,000,000 Representation Expense 150,000 Traveling expense Stock option plan Contributions to retirement benefit plan 450,000 600,000 500,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 1RE
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Question
What is the total amount that should be disclosed as compensation to key management personnel for Butane Company?
a. 11700000
b. 10000000
c. 10500000
d. 11100000
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