List the criteria necessary for an expenditure to be deductible as a trade or business expense or an expense for the production of income.
What will be an ideal response?
To be deductible, an expenditure must be:- ordinary- necessary- reasonable in amount- not personal- not a capital expenditure- not a payment that frustrates public policy- not related to tax-exempt income- not another person's expense
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Dependence relationships are represented with ________ in a path model
A) two-headed straight arrows B) two-headed curved arrows C) ovals D) boxes E) None of the above
A decrease in accounts receivable should be presented in a statement of cash flows (indirect method) as
a. an inflow and outflow of cash. b. an outflow of cash. c. a deduction from net income. d. an addition to net income.
Which one of the following is an example of discrimination?
a. A supervisor complains to his pregnant staff member that she always gets pregnant so as to get time off work b. An man is overlooked for a position in a music store because he looks too mature c. A male employer makes uninvited sexual comments to his young assistant d. All of the above
Grand Tree Doors does not make a door until an order is received. It promises product delivery within five working days because of the excellent relationship it has established with its suppliers
The partnering relationship that Grand Tree Doors shares with its suppliers and its ability to promptly serve its customers indicate that it has an efficient _____. a. supply chain management b. yield management c. knowledge management d. asset lifecycle management