An Ordinary Expense I.is Normal, Common, and Accepted Under the Circumstances of the Circumstances

question 14

Multiple Choice

An ordinary expense
I.is normal, common, and accepted under the circumstances of the business community.
II.is an expense commonly incurred in an income-producing activity.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Drafting Stage

The phase in the writing or design process where preliminary versions are created before finalizing the product.

Collaborative Piece

A work produced through the joint effort of multiple contributors.

Consistent Style

The uniform use of language, formatting, and presentation techniques throughout a document or series of communications to maintain clarity and professionalism.

Rainforests

Dense, tropical or subtropical forests that receive a high amount of rainfall annually, rich in biodiversity.