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Business, 10.05.2021 21:40 carsengilbert

To encourage employee ownership of the company's common shares, Brady 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 11,000 shares at a time when the market price of the shares on the Nasdaq was $15 per share. How much will Brady record compensation expense associated with the May purchases

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