Multiple Choice
Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale?
A) $0.
B) $2,000 loss.
C) $4,000 gain.
D) $4,000 loss.
Correct Answer:
Verified
Correct Answer:
Verified
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