On 1 July 2019, Dianna Ltd offer the Chief Financial Officer (CFO) with a share- based incentive according to which she

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On 1 July 2019, Dianna Ltd offer the Chief Financial Officer
(CFO) with a share-
based incentive according to which she is offered a bonus that is
calculated as 50,000
times the increase in the fair value of the entity’s share price
above $9. If the CFO
does not leave the organisation the accrued entitlement will be
paid after three years.
However, if she leaves the organisation the accrued entitlement
will be paid out upon
departure, that is, the benefit will not be forfeited. When the
bonus was offered the
shares price was $7.
Other information:
The share price at 30 June 2020 is $9.5
The share price at 30 June 2021 is $11
The share price at 30 June 2022 is $12
The CFO stays for the three years and is paid the bonus on 1 July
2022
REQUIRED: Calculate the remuneration expense and the cumulative
remuneration
expense for the 3 years period. Prepare the journal entries for 30
June 2022 and 1 July
2022 that would appear in the accounting records of Dianna Ltd to
account for the
issue of the share appreciation rights.
On 1 July 2020 Boulos Ltd purchased governmental bonds for
$502,114. The bonds
have a face value of $480,000 and offered a coupon rate of 9 per
cent paid annually.
The market required a rate of return on 8 per cent on such bonds.
The principal
$480,000 paid back at the end of the 6th year.
Provide the journal entries to account for:
The acquisition of the bonds on 1 July 2020
The first interest receipt on 30 June 2021