A firm granted stock options to its eligible employees on January 1, with each employee able to purchase shares of common stock after two years at a price of $20 per share.

Using the Black-Scholes options pricing model, the firm estimated that the individual employee stock options had a total fair value of $342.

If employees exercises 50% of their stock options in the first quarter of the eligible period, what is the balance in the "additional paid-in capitalstock options" account at the end of this period (assume all remaining stock options are vested and outstanding)?

10)	For the year ended December 31, 2016, Beep Inc. recorded pre-tax book income of $600.
	To compute taxable income for federal income tax purposes, the following items should be noted:
		Fines Paid to Regulators						$70
		Depreciation Deductibles for Tax Purposes in Excess of						$80
		Depreciation Recorded in GAAP Book Income
		Tax Rate						35%

13)	No Game Corp. issued $6000 in principal of 4.625% 5-year junior notes. Investors paid par to purchase the bonds and $300 in issuance costs were paid directly from the proceeds of the bond sale.
	What is the journal entry required to record the issuance of the debt?
		Dr. Discount on debt payable -- $300
		Cr. Debt payable -- $6000
		Cr. Common Stock At Par -- $300
		Dr. Bond issuance expense -- $300
		Dr. Cash -- $5700
		Cr. Debt payable -- $5700
		Dr. Cash -- $6000

17)	Kev Inc. issued $900 in principal of 5-year zero-coupon bonds with detachable warrants. Based on the price of Kev Inc.s common stock, the warrants are worth $169. Kev Inc. received proceeds of $900 and had zero issue costs.
	Kev Inc. repurchased the bonds for par approximately two years after the issue date. Its journal entry to record the repurchase of the bonds will include which one of the following line items:
		Credit to Bonds Payable.
		Debit to Discount on Bonds Payable.
		Credit to Loss on Early Retirement of Bonds.
		Debit to Loss on Early Retirement of Bonds.
18)	Warrants, like stock options, are valuable because they give the holder the right to do what?
		Take legal action against the borrower to demand immediate repayment if the borrower misses a payment on any other debt outstanding.
		Buy common stock from the issuer at a certain price on or up to a certain date.
		Redeem the bond for a fixed number of shares of common stock.
		Rank equally or higher than all other debt in the event of bankruptcy.