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Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share) at the time she started working when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $21 per share. What is the amount of Maren's bargain element?
Object Permanence
The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.
A Barrier
An object or circumstance that impedes progress or achievement, often serving to block passage or access to something or someone.
Formal Operations
The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly and logically.
Cognitive Development
The process by which an individual's ability to think, reason, and solve problems evolves over the course of their life, particularly during childhood.
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