Which of the following cannot be used to reduce taxable corporate income?
A) Cash dividends
B) Depreciation expense
C) Interest expense
D) Administrative expenses

Name: Which of the following cannot be used to reduce taxable corporate income? A) Cash dividends B) Depreciation expense C) Interest expense D) Administrative expenses
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Question

Quizplus · Accepted Answer

Cash dividends are paid to the shareholders from the company's after-tax profits and do not reduce the taxable corporate income.

Which of the Following Cannot Be Used to Reduce Taxable