Holland Inc. has an employee stock purchase plan for all eligible employees. Under the plan, shares of the company's $1 par value common stock may be purchased at a discounted amount of the fair value of the stock on the last day of each quarterly period.

Holland Inc. has an employee stock purchase plan for all eligible employees. Under the plan, shares of the company's $1 par value common stock may be purchased at a discounted amount of the fair value of the stock on the last day of each quarterly period. Holland records compensation expense for the discount granted on the employee stock purchases if: A. Substantially all (but not 100%) employees of the company may participate in the plan. B. The discount is considered signicant C. Employees are able to cancel participation in the plan before the purchase date of the stock. D Employees may enroll in the plan up to 31 days after each quarter-end