Examlex
Which of the following statements is false?
Tax Deductions
Expenses that can be deducted from adjusted gross income to reduce the amount of taxable income.
Off-Balance-Sheet Financing
Financial obligations not recorded on the balance sheet, often used to keep debt-to-equity ratios low.
Substantial Down Payment
A significant initial payment made towards the purchase of an asset, often indicating the buyer's commitment and reducing the amount financed.
Risk of Obsolescence
The potential for a product or technology to become outdated or less valuable due to advancements in technology, changes in consumer preferences, or market developments.
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