Determine the fair value of equity component using the ― withand-without ‖ method.
13) Swing High Inc. offers its 100 employees to participate in an employee share-purchase plan. Under the terms of plan, employees are entitled to purchase 10 shares at 10 % discount. The par values of shares were $ 10. Overall, 60 employees accepted the offer and each employee purchased six shares. The market price on purchase date was $ 100.
Swing High Inc. will credit Share Premium ― Ordinary for: ==============================================