Martin Corporation Granted a Nonqualified Stock Option to Employee Caroline

question 99

Multiple Choice

Martin Corporation granted a nonqualified stock option to employee Caroline on January 1, 2012. The option price was $150, and the FMV of the Martin stock was also $150 on the grant date. The option allowed Caroline to purchase 1,000 shares of Martin stock. The option itself does not have a readily ascertainable FMV. Caroline exercised the option on August 1, 2015 when the stock's FMV was $250. If Caroline sells the stock on September 5, 2016 for $300 per share, she must recognize

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Definitions:

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A species of large, predatory fish known scientifically as Carcharodon carcharias, commonly referred to as the great white shark.

Troposphere

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CO₂

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