Can a trade or business expense be deductible if it is necessary but not ordinary?
What will be an ideal response?
No. To be deductible as a trade or business expense, the expense must be both ordinary and necessary.
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The ________ model tackles what motivates people to change their attitude
A) cognitive dissonance B) persuasion C) elaboration likelihood D) "muddled middle"
Which of the following is not one of the central challenges facing the online retail industry?
A. lack of physical store presence B. consumer concerns about the privacy of personal information C. inconvenience in returning goods D. delivery delays
An organization formed to facilitate the movement of products among member nations through the creation of common economic policies is:
a. the WTO b. the IMF c. GATT d. a closed organization e. an economic community
All 50 states, either by statute or court ruling, recognize a duty on the part of a minor to make restitution to the seller upon disaffirmance of a contract
Indicate whether the statement is true or false