***PLEASE ANSWER ALL QUESTIONS***

1. Hurt & Co., a well-established law firm, provided 400 hours of its time to Fink Corporation and received 1,000 shares of Fink's $5 par common stock in exchange for services rendered. Hurt's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's paid-in capitalexcess of par increase for this transaction?

A) $280,000.

B) $295,000.

C) $350,000.

D) $300,000.

2. According to US GAAP, restricted stock units (RSUs):

A) are a grant valued in terms of a set number of shares of company stock.

B) are reported as a liability if payable in shares rather than cash.

C) are recorded based on a value estimated by a restricted stock valuation model.

D) represent shares issued at the date of grant that must be returned if the recipient fails to satisfy the vesting requirement.

3. On January 1, 2021, O Company granted 90,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2023, and expire on January 1, 2027. Each option can be exercised to acquire one share of $1 par common stock for $12. An option-pricing model estimates the fair value of the options to be $6 on the date of grant.

What amount should O recognize as compensation expense for 2021?

A) $0.

B) $60,000.

C) $180,000.

D) $540,000.