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Which of the following about the federal income taxes is correct? A. Interest paid by business firms is tax deductible. B. It encourages the use

Which of the following about the federal income taxes is correct?

A. Interest paid by business firms is tax deductible.

B. It encourages the use of debt financing by business firms.

C. Tax losses can be carried forward indefinitely by business firms.

D. All of the statements above are correct.

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