Dividend payments made to owners under equity financing are tax deductible, whereas interest payments on debt securities are not
Indicate whether the statement is true or false
FALSE
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A company purchases for $48,000 an asset that has a useful life of six years and no salvage value. After two years, the company spends $8,000 for a major overhaul that will extend the machine's useful life four years beyond the original six. Assuming straight-line depreciation, how much depreciation should be taken in year 3?
A) $4,000 B) $5,000 C) $5,600 D) $8,000
The ________, a United States regulatory agency, enforces laws and regulations on foods, drugs, cosmetics, and veterinary products. Marketers of pharmaceuticals must get approval from this agency before introducing products to the market
A) Food and Drug Administration B) Environmental Protection Agency C) Federal Communications Commission D) Federal Trade Commission E) Consumer Product Safety Commission
The journal includes both debit and credit accounts for each transaction
Indicate whether the statement is true or false
A reputable dictionary is an essential _________________
a. cornerstone of a good library b. book for college students c. writer's tool d. piece of company equipment