The Phrase "Ordinary and Necessary" Means That an Expense Must

question 26

True/False

The phrase "ordinary and necessary" means that an expense must be appropriate and helpful for generating a profit.

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Definitions:

Snout Size Reduction

A phenomenon observed in the domestication process where animals, particularly dogs, show a decrease in snout length compared to their wild ancestors.

Primates

A mammalian order that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and versatile limbs.

Skull Opening

Also known as trepanation, it is an ancient surgical procedure involving the drilling or scraping of a hole into the human skull.

Paleoanthropologists

Scientists who specialize in the study of the origins and development of early humans through fossil records.