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Use the Table for the Question(s)below

question 18

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Use the table for the question(s) below.
Consider the following income statement and other information:
Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions) Use the table for the question(s) below. Consider the following income statement and other information: Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions)    -Luther's earnings before interest,taxes,depreciation,and amortization (EBITDA) for the year ending December 31,2019 is closest to: A) $19.7 million. B) $37.6 million. C) $41.2 million. D) $44.8 million.
-Luther's earnings before interest,taxes,depreciation,and amortization (EBITDA) for the year ending December 31,2019 is closest to:

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Definitions:

Without Recourse

A term indicating that the seller or transferor of a financial instrument is not liable to the buyer or transferee in case of default.

Discharged

Refers to the completion or termination of a legal obligation or debt.

Primary Liability

The direct responsibility to pay a debt or fulfill an obligation, without relying on another to first default.

Certified Check

A personal check for which the issuing bank guarantees payment by certifying that sufficient funds are available and set aside.

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