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Which of the following is true regarding business meals and entertainment? a) Business...

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Accounting

Which of the following is true regarding business meals and entertainment?

a) Business must be discussed during the entertainment

b) Country club dues are deductible if the club is used substantially for business purposes

c) Business gifts are limited to $25 per donee per year.

d) Lacking receipts, business meals and entertainment may be estimated under the Cohan rule.

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