Paul, a business consultant, regularly takes clients and potential clients out to dinner. In order to deduct these expenses, Paul must maintain records substantiating all of the following except
A. the time and place of the dinners.
B. the business purpose of the dinners.
C. the business relationship with the person invited.
D. All of the above information must be substantiated in order to deduct the entertainment costs.
Answer: D
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Laws attempting to regulate the use of child labor in manufacturing plants were struck down due to the U.S. Supreme Court's initial narrow interpretation of the Commerce Clause
Indicate whether the statement is true or false
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