(Solution) - On January 1 2015 Western Wear Inc granted 100 000 stock -(2025 Original AI-Free Solution)

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On January 1, 2015, Western Wear, Inc. granted 100,000 stock options to its employees. 30% of these options will vest on December 31, 2015, 30% will vest on December 31, 2016, and the remaining 40% will vest on December 31, 2017. The fair value of the options was $ 15.34 per share using a weighted- average expected life. The fair value of the 30,000 shares that vest in 2015 is $ 14.67 per share. The fair value of the 30,000 shares that vest in 2016 is $ 15.38 per share and the fair value of the remaining options is $ 16.30 per share. Western does not expect any forfeitures. Western Wear is an IFRS reporter.
Prepare a memo to the file addressing Western Wear?s compensation expense for 2015 through 2017. Use the international authoritative literature for support.