Chaz recently received 2.190 shares of restricted stock from his employer, Fahrner Corporation, when the share price was $11 per share. Char's restricted shares vested three years later when the market price wes $15, Chaz held the shares for a little more than a year and sold them when the market price was $13. What is the amount of Chaz's gain or loss on the sale? Multiple Choice $2.190 loss so $4.380 gain $4.380 loss
Chaz recently received 2.190 shares of restricted stock from his employer, Fahrner Corporation, when the share price was $11 per share. Char's restricted shares vested three years later when the market price wes $15, Chaz held the shares for a little more than a year and sold them when the market price was $13. What is the amount of Chaz's gain or loss on the sale? Multiple Choice $2.190 loss so $4.380 gain $4.380 loss
Chapter22: S Corporations
Section: Chapter Questions
Problem 51P
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Question
Transcribed Image Text:Chaz recently received 2,190 shares of restricted stock from his employer, Fahrner Corporation, when the share price was $11 per share. Char's restricted shares
vested three years later when the market price was $15. Chaz held the shares for a little more than a year and sold them when the market price was $13. What is
the amount of Chaz's gain or loss on the sale?
Multiple Choice
$2190 loss
so
$4.380 gein
$4.380 loss
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ISBN:
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Author:
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Publisher:
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