On October 23,2013,McIntyre Sells 700 Shares of Stock at $26

question 63

Short Answer

On October 23,2013,McIntyre sells 700 shares of stock at $26 per share.McIntyre acquired the stock on June 1,2012,when he exercised his option to purchase the shares through his company's incentive stock option plan.The exercise price was $12 per share and the fair market value of the stock at the date of exercise was $16 per share.For 2013,McIntyre must report
$\begin{array}{ll}\text { Ordinary }&\text { Capital }\\\underline{\text { Income }}& \underline{\text { Gain }}\\a.{\$-0-} &{\$ 7,000} \\b.\$-0- & \$ 9,800 \\c.\$ 9,800 & \$-0- \\d.\$ 2,800 & \$ 7,000\end{array}$

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Definitions:

Intertype Competition

Competition between retailers that offer different types of formats or products, such as physical stores versus online platforms.

Scrambled Merchandising

A retail strategy where a store sells a wide variety of unrelated products to increase foot traffic and sales.

Dual Distribution

A distribution strategy where a company sells its products both directly to consumers and through intermediaries.

Mixed-Line Merchandising

A retail strategy that involves offering a wide variety of unrelated products in a single store to attract diverse customers.