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 $20. What is the amount of Tom's income or loss on the vesting date?
A) $0.
B) $10,000.
C) $20,000.
D) $28,000.

Question

Quizplus · Accepted Answer

2,000 × $14 (market price on vesting date).

Tom Recently Received 2,000 Shares of Restricted Stock from His