Maren received 10 NQOs (each option gives her the right to purchase 15 shares of stock for $7 per share) at the time she startes working when the stock price was $6 per share. When the shareprice was $15 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $20 per share. What is the amount of Maren's bargain element?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Maren received 10 NQOs (each option gives her the right to purchase 15 shares of stock for $7 per share) at the time she startes working when the stock price was $6 per share. When the shareprice was $15 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $20 per share. What is the amount of Maren's bargain element?

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