On October 2,2017,Miriam Sells 1,000 Shares of Stock at $20

question 77

Multiple Choice

On October 2,2017,Miriam sells 1,000 shares of stock at $20 per share.Miriam acquired the stock on November 12,2016,when she exercised her option to purchase the shares through her company's incentive stock option plan.The exercise price was $11 per share and the fair market value of the stock at the date of exercise was $14 per share.For 2017,Miriam must report
​
Ordinary Capital
Income Gain

• A)$3,000 $6,000
• B)$6,000 $3,000
• C)$9,000 $-0-
• D)$-0- $9,000

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Definitions:

Muscular Strength

The maximal force that a muscle or group of muscles can exert against resistance in a single effort.

Anaerobic Respiration

A form of respiration using electron acceptors other than oxygen. It often occurs in bacteria and in muscle cells where oxygen is scarce.

Aerobic Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water.

Chemical Pathway

A series of chemical reactions occurring within a cell that lead to the production of a certain substance or a change in the cell.