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On January 3,2013,Great Spirit Inc.,grants Jordan a nonqualified stock option to acquire 1,000 shares of the company's stock for $12 per share.The fair market price of the stock on the date of grant is $15.The option does not have a readily ascertainable fair market value.On October 1,2013,when the fair market value of the stock is $18,Jordan exercises the stock option.Determine the tax consequences for Jordan and Great Spirit Inc.,on the grant date of the option and the exercise date.
Memory Techniques
Strategies or methods employed to enhance one's ability to remember information, such as mnemonic devices or the method of loci.
Negative Thoughts
Thoughts that are often pessimistic or diminish one’s self-esteem, potentially leading to negative outcomes in behaviors and emotions.
Budget Time
The process of allocating certain amounts of time towards specific activities or tasks to manage one's schedule effectively.
Write Concisely
The skill of expressing ideas with clarity and brevity, avoiding unnecessary words or details.
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