Which of the following are main types of profit sharing plans?
A) Current assessment plan, delayered plan, and blended plan
B) Deferred plan, cash plan, and group plan
C) Combination plan, deferred plan, and current distribution plan
D) Current distribution plan, combination plan, and delayered plan

Question

Quizplus · Accepted Answer

The main types of profit sharing plans include deferred plan, combination plan, and current distribution plan. Choices A and D are not valid options, as they include plans that are not typically considered profit sharing plans. Choice B includes a cash plan, which is not a common type of profit sharing plan.

Which of the Following Are Main Types of Profit Sharing