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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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