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Question 10 Four years ago, Acnex Inc. granted Ms. Cardena a non-qualified stock option to purchase 2,000 shares of Acnex stock at $44 per share.
Question 10 Four years ago, Acnex Inc. granted Ms. Cardena a non-qualified stock option to purchase 2,000 shares of Acnex stock at $44 per share. On date of grant, the market price was $42 per share. This year, Ms. Cardena exercised the option when the market price was $75 per share. Which of the following statements is true? A. Ms. Cardena recognizes $31.000 ordinary income, and Acnex is allowed a $31.000 deduction this year. B. Ms. Cardena recognizes
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