Answer:
The statement is: True.
Explanation:
Fruit thinning is the process by which farmers remove some of the fruits growing on a tree so that the remaining can grow bigger and better. This practice is usually performed during the spring and it is useful to prevent limbs to break due to excessive weight.
Answer:
A) Fairness of financial statements.
Explanation:
Auditors review the financial statements of firms.
An unqualified or clean audit opinion means the financial statements are true and fair.
A qualified opinion means that there is some exception to accounting standards in the financial statement.
An adverse audit opinion means that the financial statement are not fairly represented
The amount deductible by Robert for year 2021 against the meal and entertainment expenses will be 50% that is $420 from the total expense amount of $840.
<h3>What is business deductions?</h3>
The business deductions are the amounts those are allowed to be deducted while filling the income tax. There is certain criteria to deduct different expenses.
As per the IRS regulation, when the tax payer is self-employed then the amount that can be deducted against meal and entertainment can be 50% of the total expense.
Therefore, Robert can deduct only $420 from the taxable income.
Learn more about business deductions, here:
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The answer is promotional pricing! Hope this helps!
