Top Posters
Since Sunday
L
4
d
4
3
k
3
k
3
j
3
k
3
b
3
f
3
b
3
d
3
h
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Sheena Maskell Sheena Maskell
wrote...
Go to Answer
Posts: 1902
Rep: 44 0
7 years ago
On January 31, 2010, Mallory pays $800 for an option to acquire 100 shares of Mesa Corporation common stock for $85 per share. As a result of an increase in the market value of the Mesa stock, the market price of the option increases and Mallory sells the option for $1,000 on August 4, 2010. As a result of the sale, Mallory must recognize
A) $200 STCG.
B) $800 STCG.
C) $200 ordinary income.
D) $800 ordinary income.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
Read 104 times
2 Replies
Replies
Answer verified by a subject expert
MsLippyMsLippy
wrote...
#1
Top Poster
Posts: 1848
Rep: 64 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Sheena M. Author
wrote...
#2
7 years ago
I took a chance with your answer

It was right
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  961 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 34
  
 139
  
 98
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Who will win the 2024 president election?