1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ymorist [56]
4 years ago
7

In 2019, the CEO of Crimson, Inc., entertains seven clients at a skybox in Memorial Stadium for a single athletic event during t

he year. Substantive busi-ness discussions occurred at various times during the event. The box costs $2,000 per event and seats 10 people. (The cost of a regular seat at Memorial ranges from $55 to $100.) Refreshments served during the event cost $700. How much of these costs may Crimson deduct?
Business
1 answer:
hram777 [196]4 years ago
4 0

Answer:

Crimson may not be able to deduct any of the cost incurred. In other words these expenses are inadmissible.

Explanation:

As per scenario given in the above question, Crimson Inc., may not be able to deduct any cost which is incurred related to the entertainment expenses because many changes has been made in the tax cuts and Jobs act,2017. These changes does not allowed deduction of the entertainment and business meals expenses.

In the year 2018, the entertainment expenses could not be deducted according to the tax laws applicable on the companies. Thus, the costs will not be deducted.

You might be interested in
The video suggests that a key challenge for​ Goodwill's marketers is to change the view of many consumers that secondhand stores
Nikolay [14]
Beliefs because that's what they think is correct in other words believe what is correct.
7 0
3 years ago
Read 2 more answers
Jill follows mcgregor's theory y approach to management. she is likely to assume that:
Lena [83]

If Jill engage or follow the theory of mcgregor in terms of approaching management, then she is likely to assume that a worker or an average worker would prefer to be directed in which they would rather to be ordered or consulted directly.

6 0
3 years ago
Abigail is the owner of a tract of land, but Umberto owns the mineral and excavation rights to that land. Umberto commences exca
Andrej [43]

Answer:

A, absolutely liable for any collapse.

Explanation:

In the cause of excavation of mineral resources on the land Umberto has mineral and excavation rights for, the surface of the land collapses.  This makes Umberto liable for the collapse of the surface of the land and Abigail can have a case against him for destruction of property.

Cheers.

5 0
3 years ago
Read 2 more answers
At the end of the fiscal period the debit balance in the change fund is reported as a(n)
Pani-rosa [81]
The debit balance at the end of the fiscal year becomes a remaining amount of the revenue (expense) or a deficit from the estimated revenue. This is reported on the income statement and followed on the next report that should be addressed on to the future revenue.  
6 0
4 years ago
Many individuals have been to a corner market in a city and noticed soggy lettuce, a moldy cucumber or other far from fresh prod
Slav-nsk [51]
The cucumbers are see threw and the flight of the agent is in sight which means 7)
7(6)•5
8 0
2 years ago
Other questions:
  • Zach is a franchisee with Digger's Doggies, a chain of hotdog shops. He was doing well until several other Digger's Doggies fran
    6·2 answers
  • A(n) _________ is a computer designed to be used by one person at a time, and it does all of its input, output, processing and s
    10·1 answer
  • A netbios name does not need to be unique on a network. <br> a. True <br> b. False
    15·1 answer
  • Barney wants to start a new business that yields a profit of​ 20% per year after a period of 2 years. In this​ period, if he
    12·1 answer
  • You see a customer who looks as though he/she may be having trouble getting an item off of a shelf. What should you do?
    15·1 answer
  • one reason a company might prefer FDI over exporting. presence or threat of trade barriers costs of acquiring a foreign enterpri
    5·1 answer
  • What is the stage that follows recession and depression
    5·1 answer
  • Universal Travel Inc. borrowed $500,000 on November 1, 2013, and signed a 12-month note bearing interest at 6%. Interest is paya
    10·1 answer
  • what are some of the actions a leader can take to create a climate for change and encourage risk-taking?
    14·1 answer
  • Legislators may provide for special projects within their districts. This is called?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!