1 which of the following statements is not correct, Ask an Expert

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1. 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.

2. Which of the following statements about stock bonus plans is false?

a. A CODA can be attached to a stock bonus plan.

b. Participants of a stock bonus plan must have the right to demand employer securities on plan distributions.

c. Stock bonus plans have a deductible contribution limit of 25 percent of compensation.

d. None of the above are false. All are true.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92852264

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