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:

Important Actions

Critical or significant steps taken to achieve a goal or implement a strategy.

Collective Efficacy

The shared belief in the collective ability of a group to execute actions necessary to achieve specific goals.

Leader Influence

The capacity of a leader to affect the behavior, thinking, or development of followers through direct or indirect means.

Body Image

An individual's perception and feelings about their physical appearance and body structure, which can significantly affect their self-esteem and behavior.