All of the Following Are a Required Test for the Deduction

question 131

Multiple Choice

All of the following are a required test for the deduction of a business expense except?

• A)GAAP approved.
• B)Ordinary.
• C)Necessary.
• D)Business purpose.
• E)Reasonable in amount.

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Definitions:

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development where infants try out new behaviours to see what results they have, displaying early elements of experimentation.

Accidental Touches

Unintended physical contact between individuals, which can occur in various contexts and may convey different messages or emotions based on the situation.

Intentional Behavior

Actions that are performed with awareness and purpose, often aimed at achieving a specific goal.

Goal-Directed Behavior

Behavior that is oriented towards achieving a specific objective, showcasing the ability to identify, plan, and execute actions that lead to the attainment of a goal.