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Ruby Corporation grants stock options to Iris on February 1,2013. The options do not have a readily ascertainable value. The option price is $100,and the FMV of the Ruby stock is also $100 on the grant date.The option allows Iris to purchase 200 shares of Ruby stock.Iris exercises the option on August 1,2014,when the stock's FMV is $150. Iris sells the stock on December 5,2015 for $400. Determine the amount and character (i.e.ordinary,LTCG or STCG)of income recognized by Iris and the deduction allowed Ruby Corporation in 2013,2014 and 2015 under the following assumptions:
a.The stock option is an incentive stock option.
b.The stock option is a nonqualified stock option.
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Conditions that can be identified by healthcare professionals based on a specific set of criteria.
Independent Variable
In an experimental setting, a variable that is manipulated or changed by the researcher to determine its effect on another variable.
Multimethod Approach
A research or problem-solving technique that employs multiple methods or techniques to gather data or find solutions.
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