Answer:
$64,000
Explanation:
In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.
Maybe how long you’re willing to be committed to that certain job or your goals in life so they are able to take you seriously.
This is just a guess btw but I hope this gave you an idea. :)
C. expected profit margins
the mission statement provides information about the company as to who, why and how they plan to operate
