Dicate whether each of the following statements related to employee stock ownership plans (esops) increases or decreases value for outside stockholders: esop statements value for outside stockholders in theory, employees who have equity in a firm will be motivated to work harder and smarter. the creation of an esop is a form of additional compensation to employees. (assume that the firm would have to provide this additional compensation in a different way if it did not create an esop.) creating an esop can be a powerful tool in warding off takeovers. rewriter printers inc. recently created an esop. the company issued 200,000 new shares of stock at $50 per share, which it sold to the esop. the esop borrowed $10 million to purchase the newly issued shares from the company. the financial institution was willing to lend the money to the esop, because rewriter printers inc. signed a guarantee for the loan. the firm used the money from the esop to repurchase its shares on the open market at $50 per share. which of the following statements describes the net effect of these transactions on rewriter printers inc.’s balance sheet? the firm’s total liabilities will increase by $10 million. the firm’s total shareholders’ equity will increase by $10 million. the amount of the firm’s total liabilities and total shareholders’ equity will remain the same.

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths