Six years ago, Linus Corporation granted Pauline an incentive stock option (ISO) to purchase 5,000 shares of Linus stock for $13 per share. On date of grant, the market price was $11 per share. Last year, Pauline exercised the ISO when the market price was $47 per share. This year, she sold the stock for $40 per share. Compute Pauline's gain or loss recognized on sale.
A. No gain or loss on sale
B. $35,000 loss
C. $10,000 loss
D. $135,000 gain
Answer: D
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Data seems to indicate that there is a negative correlation between years of education and unemployment rates. Which of the following describes what this means?
a. As education increases unemployment increases. b. As education increases unemployment decreases. c. As education decreases unemployment decreases. d. None of the above.
How can a company enhance the quality of life for its employees to support its attempt to uphold its reputation as a socially responsible business?
A. It can sell its products at a discounted price in underdeveloped countries. B. It can discontinue relying on those suppliers that manufacture products using child labor. C. It can pay to have litter removed from a state highway. D. It can donate a percentage of its profits to a national charity. E. It can provide work-at-home opportunities.
Glassdoor is a helpful tool when researching companies in preparation for interviews because it ________
A) provides salary information about different positions within a company B) showcases employees' own reviews of what it's like to work for a company C) includes sample interview questions posted by candidates who have been interviewed at a company D) does all of these
If a new business organized as a C Corporation incurs start-up losses, the tax benefits of those losses will be recognized in the current tax year.
Answer the following statement true (T) or false (F)