Tom recently received 2.160 shares of restricted stock from his employer independence Corporation when the...
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Accounting
Tom recently received 2.160 shares of restricted stock from his employer independence Corporation when the share price was $11 per share. Tom's restricted shares vested three years later when the market price was $15. Tom held the shares for a little more than a year and sold them when the market price was $13. What is the amount of Tom's income or loss on the sale? Multiple Choice O $4,320 loss. Oso $2,160 loss. $4,320 gain
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