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The Difference Between the Net Operating Income (NOI) and the Equity

Question 16

Multiple Choice

The difference between the net operating income (NOI) and the equity before-tax cash flow (EBTCF) is:


A) Property Tax Expense and capital expenditures.
B) The debt service and capital expenditures.
C) Property taxes and income taxes.
D) Interest expense and depreciation expense.

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