{"id":603,"date":"2017-11-03T18:40:40","date_gmt":"2017-11-03T12:40:40","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/which-one-of-the-following-statements-related-to-an-income-statement-is-correct\/"},"modified":"2017-11-03T18:40:40","modified_gmt":"2017-11-03T12:40:40","slug":"which-one-of-the-following-statements-related-to-an-income-statement-is-correct","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/which-one-of-the-following-statements-related-to-an-income-statement-is-correct\/","title":{"rendered":"Which one of the following statements related to an income statement is correct?"},"content":{"rendered":"","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[69],"subject":[7],"education_level":[],"class_list":["post-603","mcq","type-mcq","status-publish","hentry","topic-financial-statements-taxes-and-cash-flow","subject-corporate-finance"],"mcq_note":"The following statements related to an income statement is correct taxes reduce both net income and operating cash flow.","mcq_options":[{"right":"no","answer":"Interest expense increases the amount of tax due. "},{"right":"no","answer":"Depreciation does not affect taxes since it is a non-cash expense. "},{"right":"yes","answer":"Taxes reduce both net income and operating cash flow. "},{"right":"no","answer":"Interest expense is included in operating cash flow. "}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":69,"title":"Financial Statements, Taxes, and Cash Flow","slug":"financial-statements-taxes-and-cash-flow"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=603"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=603"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=603"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=603"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}