What Action Must Wigan Ltd Take That Is in Compliance

question 54

Multiple Choice

What action must Wigan Ltd take that is in compliance with AASB 2,if the option does not vest on 30 June 2012?

• A) No action necessary.
• B) It must modify the terms and conditions of the option to allow the employees to benefit from the share-based payment transaction in future.
• C) The equity account arising from the share-based payment transaction shall be reversed and credited to revenue.
• D) The equity account arising from the share-based payment transaction shall be reversed and credited to liability.
• E) None of the given answers.

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Definitions:

Board-And-Care Homes

Residential homes that provide lodging, meals, and personal care services for individuals who may not be able to live independently.

Hans Eysenck

A psychologist known for his work in the fields of personality and intelligence, and for developing a theory of personality based on the dimensions of extraversion and neuroticism.

Psychotherapy

The treatment of mental disorder by psychological rather than medical means.

Psychoanalysis

A method of therapy and psychological theory developed by Sigmund Freud, focusing on unconscious motivations and conflicts.