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Indicate whether each of the following would be reported in the financial statements as a (a) current asset, (b) current liability, (c) revenue, or (d) expense:
Gain-Sharing Plans
Incentive plans that reward employees for contributing to the company's efficiency and productivity improvements by sharing the resulting financial gains.
Profit-Sharing Plans
An incentive plan in which employees receive a portion of the company's profits, typically allocated based on the company's earnings over a set period.
Deferred Plan
A type of savings plan that allows employees to defer a portion of their income to a later date, typically used for retirement savings.
Current Distribution Plan
The existing strategy for allocating resources, goods, or services among various recipients or locations.
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