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Orange Incorporated issued 20,000 nonqualified stock options valued at $40,000 (in total). The options vest over two years-half in 2023 (the year of issue) and

image text in transcribed Orange Incorporated issued 20,000 nonqualified stock options valued at $40,000 (in total). The options vest over two years-half in 2023 (the year of issue) and half in 2024 . One thousand options are exercised in 2024 with a bargain element on each option of $6. What is the 2024 book-tax difference associated with the stock options? Multiple Choice $14,000 unfavorable $6,000 favorable $24,000 unfavorable $24,000 favorable None of the choices is correct

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