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

question 98

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.

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Definitions:

Comic Pages

Pages found in newspapers, magazines, or comic books dedicated to comic strips or sequential art, intended for humor or storytelling.

Schachter And Singer Theory

A psychological theory proposing that emotion is based on two factors: physiological arousal and the cognitive interpretation of that arousal.

Physiological Arousal

A state of heightened physiologic activity, including increased heart rate, sweating, or rapid breathing, often in response to excitement or stress.

Schachter And Singer Theory

A psychological theory that suggests emotions are experienced by interpreting physiological arousal within the context of the environmental cues.