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To encourage employee ownership of the company's $1 par common shares, Blum, Inc. permits its employees to buy shares directly from the company at a 20% discount. During January, employees purchased 10,000 shares at a time when the market price of the shares was $15 per share. Related to the employee share purchases, how much compensation expense will Blum record for March? Multiple Choice $120,000 O $140,000 O so O $30,000

To encourage employee ownership of the company's $1 par common shares, Blum, Inc. permits its employees to buy shares directly from the company at a 20% discount. During January, employees purchased 10,000 shares at a time when the market price of the shares was $15 per share. Related to the employee share purchases, how much compensation expense will Blum record for March? Multiple Choice $120,000 O $140,000 O so O $30,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...
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To encourage employee ownership of the company's $1 par common shares, Blum, Inc. permits its employees to buy shares directly from the company at a 20% discount. During January, employees purchased 10,000 shares at a time when the market price of the shares was $15 per share. Related to the employee share purchases, how much compensation expense will Blum record for March? Multiple Choice $120,000 $140,000 $0 $30,000
Transcribed Image Text:To encourage employee ownership of the company's $1 par common shares, Blum, Inc. permits its employees to buy shares directly from the company at a 20% discount. During January, employees purchased 10,000 shares at a time when the market price of the shares was $15 per share. Related to the employee share purchases, how much compensation expense will Blum record for March? Multiple Choice $120,000 $140,000 $0 $30,000
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