Ribby, Hall and Zain (Foreign currency) – Bonus to employees of Ribby note 5Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Ribby, Hall and Zain (Foreign currency) – Bonus to employees of Ribby note 5This topic has 3 replies, 2 voices, and was last updated 14 years ago by MikeLittle.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts November 9, 2010 at 10:52 am #45854 aseeseeaMemberTopics: 2Replies: 3☆Hi there – Could you please explain me why should management recognise an expense of (2/3×90%x$3m)= $1.8m, with a corresponding increase in equity?I was try to get my head around 2/3 but could not figure out why should we take 2/3 with reference to the note (V)in the question?Answers are welcome.Many thanks November 9, 2010 at 9:27 pm #70327 MikeLittleKeymasterTopics: 27Replies: 23303☆☆☆☆☆June ’07 to May ’08 is 12 months. the vesting date is a further 6 months on ( November ’08 ) So at May ’08, 2/3 of the period has passed and that’s why the calculation is 2/3 x 90% x 3million November 9, 2010 at 10:42 pm #70328 aseeseeaMemberTopics: 2Replies: 3☆Many thanks Mike. November 10, 2010 at 1:43 pm #70329 MikeLittleKeymasterTopics: 27Replies: 23303☆☆☆☆☆welcomeAuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In