• Which of the following statements is correct?
  • A)Under IFRS, compensation expense is reported for the amount of the discount employees receive when purchasing the common stock of the employer under an employee stock purchase plan (ESPP).
  • B)Under U.S. GAAP, compensation expense is not reported for the amount of the discount employees receive when purchasing the common stock of the employer as long as the discount is not larger than 10%.
  • C)A and B.
  • D)Neither A nor B.