Arnold exercised an incentive stock option in 2016, acquiring 1,800 shares of stock at an option price of $160 per share. The FMV of the stock at the date of exercise was $199 per share. In 2018, the rights became freely transferable and were not subject to a substantial risk of forfeiture. Arnold sells the shares in 2019 for $264 per share. Required:
How do these transactions affect his AMTI in 2016, 2018, and 2019?

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.