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    Exam 3: Income Flows Versus Cash Flows: Understanding the Statement of Cash Flows
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    Which of the Following Is Not an Expense Excluded When
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Which of the Following Is Not an Expense Excluded When

Question 40

Question 40

Multiple Choice

Which of the following is not an expense excluded when calculating EBITDA?


A) depreciation expense
B) administrative expense
C) interest expense
D) tax expense

Correct Answer:

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