Beverly works for a large publicly traded company and regularly receives incentive stock options as...
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Accounting
Beverly works for a large publicly traded company and regularly receives incentive stock options as bonuses. In the current year, Beverly exercises options to purchase 1,000 shares at $48 per share when the market value is $72 per share. What is Beverly's AMT adjustment from the exercise of the options?
$24,000.
$72,000.
$48,000.
None of these.
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