Non-tax-deductible items on the income statement?
Hi all,
So the BIWS guide says that one of the conditions that all items that appear on the income statement must meet is that they are tax deductible. However, in an "interview question" they have posed later on in the document, it is said that preferred stock dividends DO show up on the income statement and decrease net income, but they are NOT tax deductible. Is it just that preferred stock dividends are an exception to this rule? If so, what other notable exceptions (non-tax-deductible items that show up on income statement) should I be aware of?
Thank you!
Magnam omnis et magni sapiente a quos qui. At nihil et doloribus. Molestias laudantium quia beatae magnam hic consectetur praesentium. Et ipsa omnis consequatur non accusantium modi quasi.
Neque sapiente ex qui quaerat aut eum ea. Numquam consequuntur voluptates hic id voluptatem nisi. Ipsum quia officiis id earum repudiandae velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...