On May 21,2011,Becker Corporation Granted Howard an Option to Acquire

question 23

Multiple Choice

On May 21,2011,Becker Corporation granted Howard an option to acquire 200 shares of the company's stock for $8 per share.The fair market price of the stock on the date of grant was $14.The option did not have a readily ascertainable fair market value.Howard exercises the option on July 7,2013,when the fair market value of the stock is $20.How much must she report as income at the date of exercise?

• A)$ -0-
• B)$ 1,200
• C)$ 2,400
• D)$ 7,200
• E)$10,800

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Definitions:

Symmetrical Smile

A facial expression where both halves of the smile are uniform, considered aesthetically pleasing and indicative of genuine happiness.

Communication Style

The characteristic way in which individuals express themselves verbally and nonverbally when interacting with others.

Persuasiveness

The ability to convince others to change their attitudes, beliefs, or actions through communication.

Verbal

Pertaining to words or the use of speech as opposed to written text or nonverbal forms of communication.