ACCT702 Assignment Solution On Advance Financial Accounting


Need Requirement of assignment writing service? Please visit our website for ACCT702 Advanced Financial Accounting Assignment Solution from experienced Australian assignment writers who capable of delivering the best assignment writing help. Here we provide you 100% Plagiarism free content, free finance Assignment Sample, Dissertation writing and Case Study help at a reasonable price.




Assignment Details:

  • Course Code: ACCT702
  • Course Title: Advanced Financial Accounting
  • Referencing Styles: APA
  • Words: 1000
  • University: Auckland University of Technology
  • Country: NZ


Write the Journal Entries Along with the Following Information


Poseidon & Sail Ltd granted 300,000 options to its CEO, Artemis Lee. The options vest in the first year if Poseidon & Sail Ltd makes a return on assets of 12% in year 1, in the second year if Poseidon & Sail Ltd makes an average return on assets of 10% across the first two years; otherwise, they vest over three years. As at the time they were granted, the options are worth $5 each. At the end of the first year, Poseidon & Sail Ltd returned on assets of 8% and forecasted the same return on assets for the next two years. However, due to Artemis Lee’s hard work, Poseidon & Sail Ltd returned on assets of 13% in year 2 and 3. Required Record the journal entries (if any) relating to the options for each of the three years and show your working.