After a business meeting with a prospective client holly


Question - After a business meeting with a prospective client, Holly took the client to dinner and the theatre. Holly paid $290 for the meal and $250 for the theatre tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can holly deduct as a business expense

A. 540

B. 415

C. 270

D. None unless Holly discussed business with the client during the meal and entertainment.

E. None-the meals and entertainment are not deductible except during travel.

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Accounting Basics: After a business meeting with a prospective client holly
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