The question$($s$)$ below are based on the following information:

Scott Bicycle Manufacturing Ltd$.($SBM$)$ is a CCPC$.$ Brian Mills, one of SBM$\text{'}$s employees, was granted stock options on January $15,2020$ to purchase $10,000$ shares of the employer for $$3$ per share. The FMV on January $15,2020$ was $$4$ per share.

Brian exercised the stock options on September $30,2020,$ when the FMV was $$6$ per share. In June, $2023,$ Brian purchased a new home and sold the shares for $$7$ each.

What is the adjusted cost base $($ACB$)$ to Brian of the SBM shares at the time of sale in June, $2023?$

Question $7$Answer

a$.$

$$60,000.$

b$.$

$$30,000.$

c$.$

$$70,000.$

d$.$

$$45,000.$

e$.$

None of the above.