Only business expenses incurred in the generation of business gross income are deductible. a. Withholding rule b. Rule on business necessity c. Necessary expenses rule d. Matching principle
Only business expenses incurred in the generation of business gross income are deductible. a. Withholding rule b. Rule on business necessity c. Necessary expenses rule d. Matching principle
Chapter14: Choice Of Business Entity—operations And Distributions
Section: Chapter Questions
Problem 1DQ
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Only business expenses incurred in the generation of business gross income are deductible.
a. Withholding rule
b. Rule on business necessity
c. Necessary expenses rule
d. Matching principle
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