Which one of the following statements is correct concerning a statement of comprehensive income?
A) Interest expense decreases the taxes owed by a firm.
B) Net income is either paid out as dividends or added to the retained earnings of the firm.
C) Depreciation increases the net income of a firm.
D) Net income is equivalent to the operating cash flow of a firm.
E) Taxes will increase the amount of a loss incurred by a firm with negative taxable income.
Correct Answer:
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