Question
Ms. Jelena Ostapenko is an employee of a public Canadian corporation and receives an option to purchase 1,450 of her employer's common shares at $20
Ms. Jelena Ostapenko is an employee of a public Canadian corporation and receives an option to purchase 1,450 of her employer's common shares at $20 per share in July, 2019. At this time, the fair market value of the stock is $19 per share. In March, 2020, when the fair market value is $28 per share, she exercises the option. Jelenas salary for 2020 was $105,500.
Jelenas Net Employment Income for 2020 is:
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Financial & Managerial Accounting For Undergraduates
Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews
2nd Edition
161853310X, 9781618533104
