Lucile receives a grant of 100 shares of restricted stock on 4/1/20x1. The FMV of the...
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Lucile receives a grant of 100 shares of restricted stock on 4/1/20x1. The FMV of the stock on the grant date is $3/share. 100% of the grant vests on 4/2/20x4 when the FMV of the stock is $10/share. Lucile sells the shares on 4/15/20x5 when the FMV of the stock is $25/share. Omit S and commas. How much income does Lucile recognize in the grant year (20x1) assuming she DOES NOT make an §83(b) election? S How much income does Lucile recognize in the sale year (20x5) assuming she makes an §83(b) election? S Lucile receives a grant of 100 shares of restricted stock on 4/1/20x1. The FMV of the stock on the grant date is $3/share. 100% of the grant vests on 4/2/20x4 when the FMV of the stock is $10/share. Lucile sells the shares on 4/15/20x5 when the FMV of the stock is $25/share. Omit S and commas. How much income does Lucile recognize in the grant year (20x1) assuming she DOES NOT make an §83(b) election? S How much income does Lucile recognize in the sale year (20x5) assuming she makes an §83(b) election? S
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Assuming Lucile does not make an 83b election In the grant year 20x1 Lucile does not recognize any i... View the full answer
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Posted Date:
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