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1 3 Which of the following statements is true? 4 Multiple Choice points Bonds do not have to be repaid. Interest on bonds is tax
Which of the following statements is true?
Multiple Choice
points
Bonds do not have to be repaid.
Interest on bonds is tax deductible.
Distributions to owners are tax deductible.
Interest on bonds is not tax deductible.
Bonds always increase return on equity.
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
