Tom recently received, 2000 shares of restricted stock from his employer, independence corporation, whent he 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 $20. what is the amount of tom's income or loss one the vesting date
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tom recently received, 2000 shares of restricted stock from his employer, independence corporation, whent he share price was $10 per share. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The following are held by Smite Co.:Cash in checking account $20,000Cash in bond sinking fund account 30,000Postdated check from customer dated one month from balance sheet date 250Petty cash 200Commercial paper (matures in two months)
Answers (1)
Why do many busines owners avoid market research?
Answers (1)
Prior to liquidating their partnership, Craig and Jenny had capital accounts of $76,400 and $119,830, respectively. The partnership assets were sold for $236,580. The partnership had $24,870 of liabilities.
Answers (1)
What are the functions/roles of: a.) project manager, b.) project superintendent, c.) project engineer, d.) foreman, e.) scheduler, f.) purchasing agent/expediter?
Answers (1)
The Broadmoor Hotel in Colorado Springs, Colorado, maintains its five-star rating by focusing on five service characteristics: reliability, responsiveness, assurance, empathy, and tangibles.
Answers (1)
New Questions in Business
Which skills are most required for someone in Design? A) knowledge of building processes, knowledge of specialized tools, and knowledge of building laws B) drawing skills, creativity for new ideas, and ability to model large-scale building projects
Answers (1)
Stock X has a standard deviation of 22 percent per year and stock Y has a standard deviation of 8 percent per year. The correlation between stock A and stock B is. 21.
Answers (1)
You are evaluating two different silicon wafer milling machines. The Techron I costs $276,000, has a three-year life, and has pretax operating costs of $75,000 per year.
Answers (1)
David is certified by his doctor as terminally ill with liver disease. His doctor certifies that he cannot reasonably be expected to live for more than a year. He sells his life insurance policy to Viatical Settlements, Inc., for $250,000.
Answers (2)
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $47 to buy from farmers and $12 to crush in the company's plant.
Answers (1)