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VashaNatasha [74]
3 years ago
13

A taxpayer takes six clients to an NBA playoff game. If all of the tickets (list price of $120 each) are purchased on the Intern

et for $1,800 ($300 each), only $60 ($120 × 50% overall limitation) per ticket is deductible.
A) True

B) False
Business
1 answer:
Amanda [17]3 years ago
5 0

Answer: B. False

Explanation: the statement is false, because If all the tickets are purchased on the internet for $1800($300 each) instead of the list price of $120 each for one ticket, it makes no economic sense to buy on the internet.

Only if buying the tickets on the internet is the same rate or cheaper will it make economic sense.

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During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a: a. no
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Answer:

a. non-sampling risk.

Explanation:

  • A non-sampling risk includes all the audit risk other than the sample risk and is stated as the probability of getting to an incorrect conclusion in the site of having a correct sample. Examples include the  inappropriate audit procedures.
7 0
3 years ago
State and briefly axplain five contribution of scientific management to modern management practices​
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Answer:

One of the greatest contributions of scientific management in today's organization is increasing the productivity. Scientific management focuses on the activities performed by the workers in an organization. The importance of this was that scientific management makes the workers or employees efficient

4 0
3 years ago
Carly’s Clips charges for their grooming services based on the following:________.
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Answer: $256

Explanation:

Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:

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7 0
2 years ago
Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts
sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

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2 years ago
Bill gore believed in keeping operational facilities small due to his focus on high quality interpersonal relationships, and as
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The level of organizational culture that is being described in the scenario above is the basic underlying assumptions in which this level focuses more on taking beliefs for granted in a way that they use their thoughts and feelings in a course of action in which Bill does because of his beliefs.

8 0
3 years ago
Read 2 more answers
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