Thank you.

1/ Olsson Corporation received a check from its underwriters for $81 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $81 per share. Which is the correct entry to record the issue of the stock?

• Cash	81,000,000
  Deferred stock issue revenue		33,000,000
  Common stock		5,000,000
  Paid-in capitalexcess of par		43,000,000

• Cash	81,000,000
  Stock issue expense		33,000,000
  Stock contract receivable		48,000,000

• Cash	81,000,000
  Common stock		81,000,000

• Cash	81,000,000
  Common stock		5,000,000
  Paid-in capitalexcess of par		76,000,000

2/ Lucid Company declared a property dividend of 21,000 shares of its investment in $1 par Polk Company common stock. The Polk stock was purchased for $2 per share. The fair value of Polks stock was $8 per share on the declaration date of the property dividend and $9 per share on the distribution date. What is the amount of the dividend? $42,000, $189,000, $210,000, $168,000.