Multiple Choice
For a firm with long-term debt, net income is equal to:
A) Pretax income - Interest expense - Taxes.
B) Dividends + Addition to retained earnings.
C) EBIT - Taxes.
D) Taxes + Addition to retained earnings.
E) Pretax income * (1 - Marginal tax rate) .
Correct Answer:
Verified
Correct Answer:
Verified
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