Choose the term that refers to the sale of stock in the following scenario. Nella enrolled...

Transcribed Image Text:

Choose the term that refers to the sale of stock in the following scenario. Nella enrolled in her company's employee stock purchase plan (ESPP) in December 2019. In June 2020, her employer used the accumulated funds to purchase shares of the company's stock at a 15% discount. Six weeks later, in August 2020, Nella sold the shares. The sale of stock in this situation is considered: O A disqualified adjustment. An ordinary disposition. O A qualifying disposition. O A nonqualifying disposition. Choose the term that refers to the sale of stock in the following scenario. Nella enrolled in her company's employee stock purchase plan (ESPP) in December 2019. In June 2020, her employer used the accumulated funds to purchase shares of the company's stock at a 15% discount. Six weeks later, in August 2020, Nella sold the shares. The sale of stock in this situation is considered: O A disqualified adjustment. An ordinary disposition. O A qualifying disposition. O A nonqualifying disposition.

Answer rating: 100% (QA)

Solution Nella enrolled in her companys employee stock purchase plan ... View the full answer