What effect does income tax have on the cost of borrowing funds for a business?

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Question Posted: Oct 26, 2013 07:17 AM

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What effect does income tax have on the cost of borrowing funds for a business?

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Tax rules seem to encourage borrowing debt financing over stockholder financing equity ...View the full answer

Fundamental financial accounting concepts

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