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Question - Adam Weiss, President of PRP Company, incurred the following entertainment expenses that were reimbursed by the company under its accountable plan. Dinner meetings with clients $14,000
Theater tickets where business was discussed after the show 300
Dinner with friends but business was discussed 750
Country club dues 10,000
Dinner meetings with clients at the country club 5,000
What is the amount of the deduction that PRP can take of Adam's reimbursed expenses?
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Prepare the journal entry to record the sale of these bonds on June 1, 2017
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Kingbird Inc. has decided to purchase equipment from Central Michigan Industries on January 2, 2017. Create the journal entry at the date of purchase.
Imagine that you are a real estate agent in Florida and you are working with a retired couple from out of state
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