Winkler, a cpa, provided accounting services to a client, thompson. on december 15 of the same year, thompson gave winkler 100 shares of foster corp. as compensation for services. the adjusted basis of the stock was $4,000, and its fair market value at the time of transfer was $5,000. the following year, winkler sold the stock on february 15 for $7,500. what is the amount that winkler should recognize as gain on the sale of stock?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer