Question

How many of the following statements about Debt & Interest are True? * Interest is tax...

How many of the following statements about Debt & Interest are True?

* Interest is tax deductible

* does not have to be repaid

* Interest is discretionary

* reduces owners control

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Answer #1

Solution:

following statements about Debt & Interest are True:

1. Interest is tax deductible

Hence only 1 statement is true.

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