Which of the following statements is not correct regarding stock bonus plans? a. Stock bonus...
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Accounting
Which of the following statements is not correct regarding stock bonus plans?
a. Stock bonus plans allow for the current deductibility of non-cash contributions.
b. The required repurchase option for a stock bonus plan can create potential cash flow issues in the future.
c. Stock bonus plans are generally as cost efficient to operate as profit-sharing plans or money purchase pension plans.
d. The eligibility for a stock bonus plan could be age 20 and six months of service.
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