Use the Following Statements to Answer This Question

question 43

Multiple Choice

Use the following statements to answer this question:
I.Tax deductibility of dividends makes equity very desirable.
II.An instrument can be classified as debt even if it is not so in the Income Tax Act.

• A)I and II are correct.
• B)I and II are incorrect.
• C)I is incorrect and II is correct.
• D)I is correct and II is incorrect.

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Definitions:

Waking Day

The portion of the day when an individual is awake, encompassing all activities conducted during this period of consciousness.

Positive Moods

Emotional states that are cheerful, content, and optimistic.

Negative Moods

Emotional states characterized by feelings of sadness, pessimism, or irritability.

Feel-Good, Do-Good

A phenomenon where people are more likely to engage in helpful behaviors when they are in a good mood.