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Orange Incorporated issued 20,000 nonqualified stock options valued at $40,000 (in total) on December 31, 2019. The options vest entirely on December 31, 2020. The
Orange Incorporated issued 20,000 nonqualified stock options valued at $40,000 (in total) on December 31, 2019. The options vest entirely on December 31, 2020. The options were all exercised in 2020 with a bargain element on each option of $3. What is the 2020 booktax difference associated with the stock options? favorable or unfavorable?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
