What is ESOP, employee stock ownership plan?

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter11: Accounting For Transactions Using A General Journal
Section11.3: Accounting For The Declaration And Payment Of A Dividend
Problem 4AYU
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What is ESOP, employee stock ownership plan?

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ESOP plans are intended at developing the performance of the corporation and uprising the worth of the stocks by concerning stock holders.

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