interest and dividends paid by a corporation are considered to be deductible operating expenses, hence they decrease the firm's tax liability.
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Q4: the tax laws were changed so that
Q5: annual report contains four basic financial statements:
Q6: income statement shows the difference between a
Q7: primary reason the annual report is important
Q10: the balance sheet, total assets must always
Q11: fact that 70% of the interest income
Q12: operating profit after taxes (NOPAT) is the
Q13: accounting, emphasis is placed on determining net
Q14: estimate the cash flow from operations, depreciation
Q66: Interest paid by a corporation is a
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