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Kathenne owns 200 shares of Beaumont Corporation common stock which was purchased on March 20,2008 , for $35,000. On October 11 of the current yeat,

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Kathenne owns 200 shares of Beaumont Corporation common stock which was purchased on March 20,2008 , for $35,000. On October 11 of the current yeat, she receives al distribution of 200 stock nghts. Each stock night has a $15 far maket value (FMV) and the FMV of the Beaumom common stock is $90 per share. With each stock righe, stie may acquire one shave of Beaumont common stock tor $135 Requirement a. How much gross income nust Kathenne recogrwe? (Finter a " 2 for a zero amourt) Katherne must iecognize doross incones. Eiver amouns as kalaik, not amonats per share) Requirement c. If she sells the 200 stock nghts for $7,600, what is her gain? (Use parcnthoses or a minus sign to show a loss.) Requirement d II the execoses the 200 stock rights on Novembet 11 , what is the bass of the 200 shares she receves and when does itwe foldirg period for those shares start? The bass of the 200 shares yer recerves is The helding penod should start of Katherine owns 200 shares of Beaumont Corporation common stock which was punchased on March 20, 2008, for 535,000 On October 11 of the currert year, she recerves a aceure one share of Beaumont common stock for $135 Konterine must recogriset of gross incorne Griter amounts aw todals not amourks per shove

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