Which of the following are deductible for tax purposes?
A) Interest on debt
B) Dividends on common stock
C) Dividends on preferred stock

Name: Which of the following are deductible for tax purposes? A) Interest on debt B) Dividends on common stock C) Dividends on preferred stock
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Question

Quizplus · Accepted Answer

Interest on debt is generally deductible for tax purposes, while dividends on both common and preferred stock are not deductible.

Which of the Following Are Deductible for Tax Purposes