On January 31 of This Year,Jennifer Pays $700 for an Option

question 28

Multiple Choice

On January 31 of this year,Jennifer pays $700 for an option to acquire 100 shares of Lifetime Corporation common stock for $70 per share.Jennifer exercises the option on June 2.Jennifer sells the stock on April 30 of next year for $10,000.Jennifer's basis for the stock immediately before the sale is

• A)$0.
• B)$700.
• C)$7,000.
• D)$7,700.

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Definitions:

Younger Children

Individuals in an early stage of their childhood, often typified by rapid developmental changes in physical, emotional, and cognitive areas.

Maltreated

Subjected to bad or improper treatment or abuse, often used in the context of children who experience neglect or physical, emotional, or sexual abuse.

Low Self-esteem

A condition characterized by a lack of confidence and feeling unworthy or inferior.

Physical Growth

The process by which the body increases in size and strength from infancy through adulthood, often measured through indicators such as height, weight, and muscle mass.