Which of the Following Statements Is Correct for a Firm

question 95

Multiple Choice

Which of the following statements is correct for a firm in which depreciation expense exceeds EBIT (Operating Income) ? The firm:

• A)will have a net loss.
• B)will have no income-tax liability.
• C)needs to lower its interest expense.
• D)can still have a positive net income.

Identify key legal principles from landmark cases related to contract law.

Understand the process and requirements for the assignment and delegation of contractual rights and duties.

Interpret the effects of ambiguous contract language on rights and duties.

Analyze the validity and enforceability of assignments in the presence of anti-assignment clauses.