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Pizza Company allows employees to buy shares directly from the company through payroll deductions at a 10% discount. During November, employees purchased 50,000, $1 par,

Pizza Company allows employees to buy shares directly from the company through payroll deductions at a 10% discount. During November, employees purchased 50,000, $1 par, common shares when the market price of the shares was $20 per share. What is the total compensation expense related to the shares employees bought in November?

Multiple Choice

  • $1,000,000

  • $50,000

  • $900,000

  • $100,000

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