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9 Four years ago, Acnex Inc. granted Ms. Cardena a non-qualified stock option to purchase 3,000 shares of Acnex stock at $42 per share. On

9 Four years ago, Acnex Inc. granted Ms. Cardena a non-qualified stock option to purchase 3,000 shares of Acnex stock at $42 per share. On date of grant, the market price was $45 per share. This year, Ms. Cardena exercised the option when the market price was $75 per share. Which of the following statements is true? Ms. Cardena recognizes $99,000 ordinary income, and Acnex is allowed a $99,000 deduction this year. Ms. Cardena recognizes $99,000 ordinary income, but Acnex is allowed no deduction this year. Ms. Cardena recognizes no ordinary income, and Acnex is allowed $9,000 deduction this year. Ms. Cardena recognizes $90,000 ordinary income, and Acnex is allowed a $90,000 deduction this year

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