Multiple Choice
North Terraces Ltd issued share options to its executives two years ago.The options did not vest and have now expired.The cumulative salary benefits expense related to this option issue before its expiry amounts to $150 000.What is the appropriate course of action to take for North Terraces Ltd that is in accordance with AASB 2?
A) Reverse the expense previously recognised in equity.
B) Reclassify equity to accrued salaries expense.
C) Leave this in equity for transfer to retained earnings.
D) Recognise a gain of $150 000.
Correct Answer:
Verified
Correct Answer:
Verified
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