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New Inc. is a newly incorporated business that has sold $100,000 worth of common stock...

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Accounting

New Inc. is a newly incorporated business that has sold $100,000 worth of common stock and borrowed $100,000 from the bank to begin business. Which of the following is true?
a. Interest paid to the bank is not considered a deductible expense.
b. Shareholder interests will be taxed.
c. Any expenses associated with the sale of shares are a deductible expense.
d. Interest paid to the bank is a deductible expense.
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