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  3. on 1 july 2021 rise and shine limited granted 100

On 1 July 2021 Rise and Shine Limited granted 100 share options to each of...

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Accounting

On 1 July 2021 Rise and Shine Limited granted 100 share options to each of its 57 employees. Each grant is conditional on the employee working for the company for the next 2 years. The fair value of each option is estimated to be $7 at the grant date. Rise and Shine estimates that 8% of its employees will leave during the 2 year period and therefore forfeit their rights to the share options.
During the year ended 30 June 20224 employees left. At this time the company revised its estimate of total employee departures over the full 2-year period to 25%.
During the year ended 30 June 2023 a further 8 employees left.
The amount to be recognised as an expense by Rise and Shine for the year ended 30 June 2023 is:
(Enters your calculated answer as a whole number without dollar sign, comma or decimal place. Answer field accepts error of up to +/-50 to the correct answer)

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