Which of the Following Events Causes the Purchaser of an Option

question 14

Multiple Choice

Which of the following events causes the purchaser of an option to add the cost of the option to the basis of the property to which the option relates?

• A) The option is exercised.
• B) The option is sold.
• C) The option lapses.
• D) The option is rescinded.
• E) None of the above.

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Definitions:

Myosin

A protein that, together with actin, is responsible for muscle contraction.

Metaphase

A stage of cell division (mitosis and meiosis) where chromosomes line up at the cell's equator before being separated into the daughter cells.

Cytokinesis

Cytokinesis is the division of the cytoplasm of a parental cell into two daughter cells, occurring immediately after nuclear division in the cell cycle.

Midplane

An imaginary plane that divides a body into two equal halves, commonly used in anatomy and developmental biology to describe symmetry.