You are employed by a CCPC that granted you options to purchase 500 shares of...
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Accounting
You are employed by a CCPC that granted you options to purchase 500 shares of their stock for $22 a share when the value of the shares was estimated to be $20.50. This year you exercise the option and purchase 500 shares when the value is $31.50 a share. Then you sell the shares for $38.75 a share.
What is the impact on Division C (Taxable Income)?
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