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Which of the following statements concerning income and expenses listed on the Income Statement is correct? a. Charitable contributions are always a discretionary expense. b.

Which of the following statements concerning income and expenses listed on the Income Statement is correct?

a. Charitable contributions are always a discretionary expense.

b. Reinvested dividends is an example of income.

c. Entertainment expenses is an example of a fixed expense.

d. Social Security taxes withheld is an example of a fixed expense.

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