What is the major accounting difference between interest incurred during a period and cash dividends declared during the same period

b. Interest reduces net income while dividends declared do not affect net income

Explanation:

The interest incurred during a period is deducted from the Net Income before tax is calculated as it is a tax deductible expense to the business.

Dividends on the other hand are not paid from the Net income and so do not affect it. They are rather paid from the Retained earnings which a company is only able to derive after the Net Income has been calculated.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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