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LUCKY_DIMON [66]
3 years ago
14

Which of the following is a true statement? Multiple Choice a) Meals are never deductible as a business entertainment expense. b

) An employer can deduct the full cost of meals provided to employees as compensation. c) The cost of business meals can be extravagant if incurred away from home. d) A taxpayer can only deduct the full cost of a meal for a client if business is discussed during the meal.
Business
1 answer:
Ahat [919]3 years ago
8 0

Answer:

The answer is: B) An employer can deduct the full cost of meals provided to employees as compensation.

Explanation:

When an employer provides free meals at work it is a win-win situation for both the employees and the employer. They both benefit from it; the employees get "free meals" and the employer is able to deduct the full cost of the meals. Everyone has to eat at some time, and free meals are a great perk.

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The letter “s” is directly printed on individual pieces of what brand of candy?
RSB [31]
The answer to this question is the candy skittles. The candy skittles have a letter s printed in each candy. This candy is manufactured and marketed by the Wrigley Company and was first produced in the year 1974 and have a fruit flavour.
4 0
3 years ago
Two​ countries, A and B​, both are currently in recession. The values of the MPS for A and B are 0.1 and 0.5 respectively. The g
aksik [14]

Answer:

Explanation:

The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.

The multiplier effect refers to the increase in final income arising from any new injections.

Calculating the Multiplier Effect for a simple economy

k = 1/MPS

A = 1/0.1 =10

B= 1/.5=2

3 0
4 years ago
An audit of historical financial statements most commonly includes the Group of answer choices income statement, the statement o
Advocard [28]

Answer:

balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

6 0
3 years ago
A firm material called lauan placed on a wooden or hollow metal frame, which can be painted and, in addition, have three-dimensi
Blababa [14]

Answer:

<em>Flat </em>

Explanation:

<em>Flats </em>are painted flat piece of theatrical scenery. It is positioned on the stage to give appearance of various backgrounds. Flats are hard covered and soft covered. Usually flats are built in standard size of 2.4 m, 3.0 m and 3.7 m. They are also kept at the sides of stage, when kept at sides it is  called wings. Flats are made of wood.

5 0
3 years ago
The amount of accounts receivable that is actually expected to be collected is known as the:a.uncollectible accounts expense. b.
scoundrel [369]

Answer:

Net realizable value.....Option C

3 0
3 years ago
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