Mission Beach Ltd Grants 100 Options to Each of Its

Multiple Choice

Mission Beach Ltd grants 100 options to each of its 50 employees on 1 July 2009.Each grant is conditional on the employee working for the company for 3 years.The fair value of each option at grant date is $15. The following information is available:
What is the employee benefits expense of Mission Beach Ltd related to this share option for the year ended 30 June 2011?

A) $18 000;
B) $20 000;
C) $24 000;
D) $26 933;
E) None of the given answers