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Business, 18.03.2020 19:00 fortforeman5

Which of the following is true about the leveraging effect? Interest on debt can be deducted from pre-tax income, resulting in a greater taxable income and a smaller available operating income. Interest on debt is a tax-deductible expense, which means that it can reduce a firm’s taxable income and tax obligation

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Which of the following is true about the leveraging effect? Interest on debt can be deducted from pr...
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