10) Under IFRS, what is recorded as compensation expense for all employee share-purchase plans?
11) Which of the following differs in GAAP and IFRS?
12) Florence Inc. issued 8,000, 5-year convertible bonds of $ 2,000 each for $ 4,000,000 at the beginning of 2012. The bonds have a stated rate of interest of 9 % and interest is payable annually. Each bond can be convertible into 100 shares with a par value of $ 10. The market rate of similar nonconvertible debt is 10 %.
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: =======================================