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Question
Which adjustment is required for Net Indirect Taxes?
Options
Deduct only subsidies
Add Indirect Taxes and Subsidies
Deduct Net Indirect Taxes, calculated as Indirect Taxes − Subsidies
Add direct taxes
MCQ
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Solution
Net Indirect Taxes must be deducted when converting market-price figures to factor-cost figures. Net Indirect Taxes equal Indirect Taxes minus Subsidies.
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