Tom Recently Received 2,000 Shares of Restricted Stock from His

question 69

Multiple Choice

Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $20. What is the amount of Tom's income or loss on the vesting date?

• A)$0
• B)$10,000
• C)$20,000
• D)$28,000

Identify the opportunities and pitfalls associated with bankruptcy for businesses.

Recognize the specific legal complexities around copyright duration and protection.

Acknowledge the implications of declaring bankruptcy for business owners.

Understand the significance of capacity in contract law.

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Definitions:

Bait and Switch

A deceptive marketing strategy where a seller attracts customers with the promise of specific product or deal, only to upsell them to a different, usually more expensive, item.

Vertical Marketing Systems

A coordinated approach to marketing and distribution in which members at different levels of the supply chain work closely together.

Channel Economies

Cost savings realized through efficient distribution channel management, leading to reduced expenses and improved profitability.

Retailer-sponsored Cooperatives

are partnerships formed by retailers to achieve economies of scale through bulk purchasing, marketing, and distribution.