What 2010 income if any must maritza report due to the, Ask an Expert

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Instead of acquiring stock, Maritza received "incentive stock options" on January 3, 2010. These incentive stock options allow Maritza to purchase up to 100,000 shares of M3 common stock for $0.01 per share (the fair market value on January 3, 2010). On December 31, 2010, the fair market value of the M3 stock is $1.01 per share. What 2010 income, if any, must Maritza report due to the receipt of the incentive stock options?

a. $0

b. $1,000

c. $100,000

d. $101,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411097

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