4. (3 points) Using information in oursion 3 which is the con exercise or 90% of the options on April 13, 2018 when the stock was 58? the corect entry to record the hen the market price of the a Cash Paid-in capital-stock options Common stock Paid-in capital - excess of par 270.000 60,000 12.000 318.000 b Cash Common stock Paid-in capital -excess of par 270,000 10.800 259,200 C 486,000 Cash Common stock Paid-in capital - excess of par 10.800 475.200 Cash Paid-in capital-stock options Common stock Paid-in capital - excess of par 270.000 54,000 10.800 313.200 5. Which of the following never requires an outflow of cash? b. c. Early extinguishment of debt. Repurchase of common stock Payment of cash dividends. Loss on sale of investments In computing the present value of the lease payments, the lessce should a use its incremental borrowing rate in all cases. b use both its incremental borrowing rate and the implicit rate of the lessor, assuming that the implicit rate is known to the lessee. c. use the implicit rate of the lessor, assuming that the implicit rate is known to the lessee. d. use the implicit rate in all cases. (3 points) Which of the following statements is true: a. The residual value of the leased asset will be included for both parties (ie.. lessees and lessors) in the 90% present value classification test if it is unguaranteed. b. The residual value of the leased asset will be included for both parties in the 90% present value classification test only if it is guaranteed. c. Both guaranteed and unguaranteed residual value of the leased asset is included in the 90% present value classification test. d. None of the above 4. (3 points) Using information in oursion 3 which is the con exercise or 90% of the options on April 13, 2018 when the stock was 58? the corect entry to record the hen the market price of the a Cash Paid-in capital-stock options Common stock Paid-in capital - excess of par 270.000 60,000 12.000 318.000 b Cash Common stock Paid-in capital -excess of par 270,000 10.800 259,200 C 486,000 Cash Common stock Paid-in capital - excess of par 10.800 475.200 Cash Paid-in capital-stock options Common stock Paid-in capital - excess of par 270.000 54,000 10.800 313.200 5. Which of the following never requires an outflow of cash? b. c. Early extinguishment of debt. Repurchase of common stock Payment of cash dividends. Loss on sale of investments In computing the present value of the lease payments, the lessce should a use its incremental borrowing rate in all cases. b use both its incremental borrowing rate and the implicit rate of the lessor, assuming that the implicit rate is known to the lessee. c. use the implicit rate of the lessor, assuming that the implicit rate is known to the lessee. d. use the implicit rate in all cases. (3 points) Which of the following statements is true: a. The residual value of the leased asset will be included for both parties (ie.. lessees and lessors) in the 90% present value classification test if it is unguaranteed. b. The residual value of the leased asset will be included for both parties in the 90% present value classification test only if it is guaranteed. c. Both guaranteed and unguaranteed residual value of the leased asset is included in the 90% present value classification test. d. None of the above