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In December 2021, Ms. Milli Van was granted options to buy 1,800 of her employer's...

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Accounting

In December 2021, Ms. Milli Van was granted options to buy 1,800 of her employer's shares at a price of $42.50 per share. At this time, the shares have a FMV of $45.00 per share.
Ms. Van's employer is a CCPC. In June 2022, when the shares have a FMV of $75.00 per share, she exercises all of her options. In September 2023, Ms. Van sells her shares for

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