Tom Recently Received 2,000 Shares of Restricted Stock from His

question 100

Multiple Choice

Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the 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 $12. What is the amount of Tom's income or loss on the sale?

• A)$0
• B)$2,000 loss
• C)$4,000 gain
• D)$4,000 loss

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Definitions:

Internal

Pertaining to or situated within something; intrinsic, coming from the inside.

Stable

Constant and unchanging; not prone to fluctuations or sudden changes.

External

Pertaining to or located on the outside of something; often refers to influences or factors coming from the environment around an individual or system.

School Refusal

A child's consistent reluctance or refusal to attend school, often due to anxiety, fear, or other emotional issues rather than mere truancy.