Which One of the Following Is NOT True for a Company

question 22

Multiple Choice

Which one of the following is NOT true for a company?

• A) Interest paid on bonds issued last year is tax deductible.
• B) Regular dividends to be paid this year are not tax deductible.
• C) Regular dividends to be paid this year will be tax deductible if the company has a net loss for the year.
• D) Preference share dividends to be paid this year are not tax deductible.

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Definitions:

Industrial World

Societies or regions that have undergone industrialization, characterized by significant technological advancement and a focus on manufacturing and production.

Grand Canyon

A massive, steep-sided canyon carved by the Colorado River in the state of Arizona, USA, renowned for its stunning landscapes and geological significance.

Theodore Roosevelt

The 26th President of the United States (1901-1909), known for his progressive policies, conservation efforts, and key role in negotiating the end of the Russo-Japanese War.