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Business, 06.05.2021 16:10 dalechloe5596

On January 2, Year 8, Kine Co. granted Kristin, its president, compensatory stock options to buy 1,000 shares of the company's $10 par common stock. The options call for a price of $20 per share and are exercisable for three years following the grant date. Kristin exercised the options on December 31, Year 8. The market price of the stock was $50 on January 2, Year 8, and $70 on December 31, Year 8. The fair value of a similar stock option with the same terms was $28 on the grant date. By what net amount should paid-in capital increase as a result of the grant and exercise of the options

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On January 2, Year 8, Kine Co. granted Kristin, its president, compensatory stock options to buy 1,0...

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