The Phase "Ordinary and Necessary" Has Been Defined to Mean

question 34

True/False

The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business.
A necessary expense is an expense that is helpful or conducive to the business activity.

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Definitions:

Prejudice

The negative evaluation of a social group, and individuals within that group, based upon conceptions about that social group that are held despite facts that contradict it.

Debriefing

A process whereby a researcher explains the true purpose of a research study to a subject (respondent); usually done after completion of the study.

Experiment

An experiment is a method of research in the sciences or social sciences that involves the manipulation of variables to test a hypothesis and observe the effects.

Content Analysis

A research method used for systematically analyzing and coding textual, visual, or audio content to understand various aspects of communication.