Question: In its 2011 income statement, how much should Fay report as compensation expense relating to the ESOP? a. $184,000 b. $120,000 c. $ 84,000 d.

In its 2011 income statement, how much should Fay report as compensation expense relating to the ESOP?

a. $184,000

b. $120,000

c. $ 84,000

d. $ 60,000

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