Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. camacho recently received 2,000 shares of restrict

Camacho recently received 2,000 shares of restricted stock from an employer, Friendly Corporation, when the...

50.1K

Verified Solution

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!
Become a Member

Other questions asked by students

Q

Explain the technology of polymerase chain reaction (PCR) and how it applies to forensic DNA typing

Biology
Q

Please answer the following questions for Life Span Pysch. 1. Is the divorce rate actually 50%...

Psychology
Q

One important consideration when looking for new products is the type of product for your market....

General Management
Q

Consider a circuit as shown in figure Then choose correct statement s 20 30 wwwww...

Physics
Q

For which of the following sample sizes would the sampling distribution of p be approximately...

Statistics
Q

Which of the following pairs of variables is likely to have a negative correlation Check...

Statistics
Q

Write the statement as a biconditional Points in Quadrant III have two negative co Choose...

Algebra
Q

The following income statement and additional year-end information is provided. Accounta receivable Inventory \$ 22,250...

Accounting
Q

Duval Company issues four-year bonds with a $100,000 par value on January 1,2020 , at...

Accounting
Q

Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference...

Accounting
Q

Retirement assets total $4,861,000. Assume its invested for another 24 years and that assumes an...

Accounting
Q

a. What are the total expected cash collections for the year under this revised budget?...

Accounting