Credit or debit of what amount

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Reference no: EM13129830

Doe co. granted options for one million shares of its $1 par common stock at the beginning of the current year. The exercise price is $34 per share, which was also the market value of the stock on the grant date. The fair value of the options was estimated at $7 per option.If the options have a vesting period of 5 years, what would be the balance in "paid-in capital-stock options" three years after the grant date? credit or debit of what amount?

Reference no: EM13129830

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