Which of the following represents tax-deductible expenses?
I.Rental on office building
II.Interest expense
III.Preferred stock dividends
IV.Common stock dividends
A)I and II
B)I, II, and III
C)III only
D)III and IV

Question

Quizplus · Accepted Answer

Only rental on office building and interest expense are tax-deductible. Preferred stock dividends and common stock dividends are not tax-deductible expenses.

Which of the Following Represents Tax-Deductible Expenses