Question: Pick the correct statement related to an income statement from below Multiple Choice interest expense Increases the amount of tax due. Depreciation does not affect

Pick the correct statement related to an income statement from below Multiple Choice interest expense Increases the amount of tax due. Depreciation does not affect taxes since it is a non-cash expense Net income is distributed to dividends and pald-in surplus Interest expense increases the amount of tax due. Depreciation does not affect taxes since it is a non-cash expense Net income is distributed to dividends and paid-in surplus Taxes reduce both net income and operating cash flow interest expense is included in operating cash flow
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