Question
10. Walmart Cor. granted Halima 2 years ago nonqualified stock options to buy 200 shares of Walmart stock at $5 share exercisable for four years.
10. Walmart Cor. granted Halima 2 years ago nonqualified stock options to buy 200 shares of Walmart stock at $5 share exercisable for four years. Halima exercised the options this year. when the market price was $40 per share. How much income must Halima recognize from the exercise of the options? A.$7,000.
B.$3,000. C.$8,000. D.$1,000. E. None of these answers.
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
12th Canadian edition
133098230, 978-0132791564, 132791560, 978-0133098235
