A profit-sharing plan is a type of
A. defined contribution plan.
B. defined benefit plan.
C. employee stock ownership plan.
D. employee welfare benefit plan.
A. defined contribution plan.
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Which of the following depreciation methods allocates a varying amount of depreciation each year based on an asset's usage?
A) the straight-line method B) the annuity method C) the units-of-production method D) the double-declining-balance method
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false