-Parrino Corporation Has Announced That Its Net Income for the Year

question 31

Multiple Choice

-Parrino Corporation has announced that its net income for the year ended June 30, 2008, is $1,824,214. The company had an EBITDA of $5,174,366, and its depreciation and amortization expense was equal to $1,241,790. The company's average tax rate is 34 percent. What is the amount of interest expense for the firm?

• A) $2,763,961
• B) $939,747
• C) $1,187,720
• D) $1,168,615

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Definitions:

Dangling Modifiers

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Camouflaged Verbs

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Hedging Sentences

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Parallelism

In writing or speech, refers to the use of components in a sentence that are grammatically the same; or similar in their construction, sound, meaning, or meter.