Amortization:
A) is deducted from net income.
B) is a tax deductible non- cash expense.
C) represents a cash outflow on the cash flow statement.
D) is not a true expense.

Name: Amortization: A) is deducted from net income. B) is a tax deductible non- cash expense. C) represents a cash outflow on the cash flow statement. D) is not a true expense.
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Question

Quizplus · Accepted Answer

Amortization is a non-cash expense that reduces taxable income, thus it is tax deductible.