Use the Following Information for Question 14 and 15

Use the following information for question 14 and 15
Swing High Inc. offers its 100 employees to participate in an employee share-purchase plan. Under the terms of plan, employees are entitled to purchase 10 shares at 10% discount. The par values of shares were $10. Overall, 60 employees accepted the offer and each employee purchased six shares. The market price on purchase date was $100.
-What is the compensation expense recorded by Swing High Inc.?

A) $32,400
B) $ 3,600
C) $36,000
D) $28,800

Correct Answer:

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