When a business calculates taxable income from gross income, Financial Management

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When a business calculates taxable income from gross income

When a business calculates taxable income from gross income, which of the following is true?

Depreciation and interest are subtracted; principal is not.

Depreciation is subtracted; interest and principal are not.

Interest and principal are subtracted; depreciation is not.

Depreciation, interest, and principal are all subtracted.

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Financial Management: When a business calculates taxable income from gross income

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