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How much of these costs may Crimson deduct

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Problem - In 2019, the CEO of Crimson, Inc., entertains seven clients at a skybox in Memorial Stadium for a single athletic event during the year. Substantive business 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?

Reference no: EM132667705

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