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Arnold exercised an incentive stock option in 2016, acquiring 1,500 shares of stock at an option price

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Arnold exercised an incentive stock option in 2016, acquiring 1,500 shares of stock at an option price of $80 per share. The FMV of the stock at the date of exercise was $110 per share. In 2018, the rights become freely transferable and are not subject to a substantial risk of forfeiture. Arnold sells the shares in 2019 for $165 per share. How do these transactions affect AMTI in 2016, 2018 and 2019?

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2016 FMV 1500 shares 110 165000 Option Price 1500 80 120000 Po...View the full answer


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