Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamela started a new restaurant and, to establish goodwill, paid off the debts of $100,000 of Green Restaurant. She was under no obligation to do so. The $100,000 is
A. capitalized because the expenses are not ordinary.
B. deductible currently as a trade or business expense since the expenses are considered ordinary and necessary business expenses.
C. deductible currently as an itemized deduction.
D. None of the above.
Answer: A
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A) intense rivalry among competitors B) high customer power C) high barriers to entry D) high supplier power E) many product substitutes
Maintenance access to systems increases the risk that logic will be corrupted either by the accident or intent to defraud
Indicate whether the statement is true or false
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A. internalizing market externalities. B. manipulating prices for promotion to gain a foothold in a market. C. creating irrational and trivial consumer wants. D. preventing free market economy.
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