Business Expenses Include I.expenditures That Have a Business Purpose

question 29

Multiple Choice

Business expenses include
I.expenditures that have a business purpose
II.expenditures that are incurred for the production of income.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

Stigma

A mark of disgrace or infamy; a stain or reproach, as on one's reputation.

Phobia

An extreme or irrational fear of or aversion to something.

Homosexuality

A sexual orientation characterized by attraction to members of one's own sex.

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances.