[Solved] Pleaseindicatetheamountofincometobe recog

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Pleaseindicatetheamountofincometobe recognizedinYear1and Year3aswellasthecharacter oftheincome recognizedbytheshareholderineachindependentsituation. 1.Able,IncgrantedanIncentiveStockOptionfor50sharestoMaryan employeeonApril10,Year1.Theoption price andFMVonthedateofgrantwas $45 pershare.MaryexercisedtheoptiononSeptember5 , Year1whentheFMVwas$75pershare.ShesoldthestockonNovember 20,Year3for$95 pershare. 2.AbleInc.granteda Nonqualified StockOptionfor100sharestoMaryanemployeeonApril 10,Year1.TheoptionpriceandFMVondateofgrantwas$65pershare.Theoptionhadareadilyascertainablevalueof$3per share.Maryexercisedtheoptionon September5, Year1whentheFMVwas$85pershare.ShesoldthestockonNovember20, Year 3for$95per share.

Pleaseindicatetheamountofincometobe recognizedinYear1and Year3aswellasthecharacter oftheincome recognizedbytheshareholderineachindependentsituation.

1.Able,IncgrantedanIncentiveStockOptionfor50sharestoMaryan employeeonApril10,Year1.TheoptionpriceandFMVonthedateofgrantwas$45pershare.MaryexercisedtheoptiononSeptember5,Year1whentheFMVwas$75pershare.ShesoldthestockonNovember 20,Year3for$95 pershare.

2.AbleInc.grantedaNonqualifiedStockOptionfor100sharestoMaryanemployeeonApril 10,Year1.TheoptionpriceandFMVondateofgrantwas$65pershare.Theoptionhadareadilyascertainablevalueof$3per share.Maryexercisedtheoptionon September5, Year1whentheFMVwas$85pershare.ShesoldthestockonNovember20,Year3for$95per share.

3.Able,Inc.granted aNonqualifiedStockOptionfor100sharestoMary anemployeeonApril10,Year1.The optionpriceandFMVon thedateofgrantwas$65pershare.Theoptiondidnothaveareadilyascertainablevalue.Maryexercisedtheoptionon

September5,Year 1whentheFMVwas$85pershare.ShesoldthestockonNovember20,Year3for$95pershare.

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