Camacho recently received 2,000 shares of restricted stock from an employer, Friendly Corporation, when the...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Camacho recently received 2,000 shares of restricted stock from an employer, Friendly Corporation, when the share price was $10 per share. Camacho's restricted shares vested three years later when the market price was $14. Camacho held the shares for a little more than a year and sold them when the market price was $20. What is the amount of Camacho's income or loss on the vesting date?
Multiple Choice
$10,000.
$28,000.
$20,000.
$0.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
