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Marat540 [252]
3 years ago
6

Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the share price was $10

per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale?
A. $0.
B. $2,010 loss.
C. $4,020 gain.
D. $4,020 loss
Business
1 answer:
givi [52]3 years ago
5 0

Answer:

$4,000 gain

Explanation:

The computation of the tom income or loss is shown below:

= Number of shares × (market price sold - fair value of share price)

= 2,000 shares × ($12 per share - $10 per share)

= $4,000 gain

This is the answer and the same is not provided in the given options.

We simply take the difference between the market price sold and the fair value of share price and then multiply it by the number of shares so that the correct amount can come

All other information which is given is not relevant. Hence, ignored it

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Quality Vacuum has been manufacturing excellent vacuum cleaners for over 50 years. In the employee break room is a banner that r
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Answer: <em>Mission statement </em>

Explanation:

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In a neoclassical economy, assume that the government lowers both government spending and taxes by $100 billion. If the marginal
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rise by $40 billion

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3 0
3 years ago
Timothy is a passionate speaker and has a political science degree. He is a natural leader and enjoys a challenge. Suzette also
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3 0
3 years ago
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The significant increase in consumer demand following World War II marked the beginning of the:
Tom [10]

Answer:

b. marketing concept era.

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And in order to satisfy this they use strategies of marketing in order to attract the customers.

Explanation:

a. production era.

False. This era was from 1860-1920 since this era occurs during the Industrial revolution and  not at the beginning of the second world war.

b. marketing concept era.

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And in order to satisfy this they use strategies of marketing in order to attract the customers.

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d. selling era.

This era was from 1920 and 1940 and not correspond to the begin of the second world war so this one is not the correct option.

6 0
3 years ago
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