On January 1st, 20x9, GHI Inc

question 123

Essay

On January 1st, 20x9, GHI Inc.granted options to its twenty employees allowing for the purchase of 12,000 shares at $5 per share.The options vest evenly over the 3 years following the date of issue.The options are only exercisable as of December 31st, 20x11.The fair value of these options (using an Option Pricing model)is $30,000.
Part A: Assume that all options have vested but that none were exercised on December 31st, 20x11.Provide the required journal entry.
Part B: Assume that all options have vested and all were exercised on December 31st, 20x11.Provid the required journal entry.
Part C: Suppose that some of the options were forfeited by the employees.Actual and estimated forfeiture data are provided in the table below: Provide the required journal entries to record the accrual of compensation expense and the exercise o the options as per IFRS.
Part D: Suppose that some of the options were forfeited by the employees.Actual and estimated forfeiture data are provided in the table below: Provide the journal entries required under ASPE.

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Definitions:

Male-Centred

A perspective or approach that prioritizes male experiences or viewpoints, often overlooking female perspectives.

Objectified

The treatment of a person or a group of people as an object, disregarding their personality or dignity, often leading to dehumanization.

Hegemonic

Pertaining to dominance, especially of one state or society over others.

Political Economic System

A theoretical framework that combines political science and economics to study the relationships between political policies, economic processes, and social structures.