How are combined business/pleasure trips treated for travel within the United States as opposed to foreign travel?
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The major difference is that transportation charges are fully deductible if the trip is primarily for business and within the United States. If the foreign trip is primarily business, transportation expenses must be allocated between business and personal unless (1) the taxpayer was away from home for seven days or less or (2) if less than 25% of the time was spent on personal pursuits.
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The oral presentation is not important because the executives are also given a written report with all the important information in it
Indicate whether the statement is true or false
The two pricing concerns in overseas markets are foreign national pricing and
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The primary trade agreement affecting the United States, Canada, and Mexico is _______.
a. NAFTA b. EU c. COMESA d. ASEAN
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot Affected = NATaylor Bennett began his sole proprietorship by contributing $25,000 of his own money to the business. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
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