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Blimey Corp. permits any of its employees to buy shares directly from the company through...

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Accounting

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Blimey Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 15% discount. During May, employees purchased 10,000 shares at a time when the market price of the shares on the New York Stock Exchange was $15 per share. How much compensation expense is associated with the May purchases of Bimey's stock

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