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Camacho recently received 2,000 shares of restricted stock from an employer, Friendly Corporation, when the...

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Accounting

Camacho recently received 2,000 shares of restricted stock from an employer, Friendly Corporation, when the share price was $10 per share. Camacho's restricted shares vested three years later when the market price was $14. Camacho held the shares for a little more than a year and sold them when the market price was $20. What is the amount of Camacho's income or loss on the vesting date?

Multiple Choice

  • $10,000.

  • $28,000.

  • $20,000.

  • $0.

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