According to the Tax Cuts and Jobs Act (TCJA) of 2017, which of the following statements are true?
A) The act contains a new limitation on the deductibility of net interest expense that exceeds 30% of a firm's adjusted taxable income starting in 2018.
B) For tax years beginning before January 1, 2022, adjusted taxable income is measured as a businesses' EBITDA.
C) Both A and B are true.
D) Neither A or B are true.
Correct Answer:
Verified
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