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Gnesinka [82]
3 years ago
9

Robert Corp. granted an incentive stock option for 200 shares to Beverly, an employee, on March 14, Year 12. The option price an

d FMV on the date of grant was $150. Beverly exercised the option on August 2, Year 14, when the FMV was $180 per share. She sold the stock on September 20, Year 15, for $250 per share. How much gross income did Beverly recognize in Year 15?
a. $20,000
b. $150
c. $30,000
d. $0
Business
1 answer:
bogdanovich [222]3 years ago
8 0

Answer:

a) $20,000

Explanation:

Hi, if Beverly exercises the option, that means that she bought the shares for $150 each, that is 200 shares * $150/share = $30,000. After that, in September 20,xx15, she sells the stocks for $250/share, which is 200 shares*$250 =$50,000.

So the gross income that Beverly recognizes in year xx15 is $50,000-$30,000 = $20,000 which is a)

Best of luck.

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The maximum retirement contribution savings credit for Barbara is $200.

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The minimum and maximum allowed incomes are revised every year.

For persons with an adjusted gross income between $21,501 and $33,000 in 2021, the saver's credit rate is 10%.

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To know more about individual retirement accounts (IRAs)

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1 year ago
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LenaWriter [7]
It's absolutely True !!
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11111nata11111 [884]
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3 years ago
Tom's lawn service specializes in mowing lawns and trimming bushes Tom has 4 hours to devote to lawn services. In 1 hour, he can
Alex Ar [27]

Answer:

attached answer

Explanation:

To draw the FPP we have to calculate either the formula or calcualte two points in the curve to draw the line.

Mowed Land                    Trimmed bushed

0(0 hours x 3 per hour)   20 (4 hours x 5 per hour)

3(1 hours x 3 per hour)      15   (3 hours x 5 per hour)

6(2 hours x 3 per hour)     10   (2 hours x 5 per hour)

9(3 hours x 3 per hour)     5   (1 hours x 5 per hour)

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3 years ago
For each of the following situations, identify the type of form to be filed with the SEC for disclosure purposes (2 points): (A)
oee [108]

Answer:

1. Form 8-K : A unique or significant happening.

2. Form 10-K: Annual information required by Regulation S-X.

3. Form 8-K: Changes in control of the registrant.

4. Form 10-Q: Interim financial statements.

5. Not required: Fourth quarter income statement.

6. Form 8-K: Bankruptcy.

7. Form 10-K: Annual information required by Regulation S-K.

8. Form 10-Q: Income statement for the current quarter, year-to-date, and comparative periods in the previous year.

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