Solved: Theater tickets where business was discussed after the show, Accounting Basics

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Theater tickets where business was discussed after the show

Question - Adam Weiss, President of PRP Company, incurred the following entertainment expenses that were reimbursed by the company under its accountable plan.

Dinner meetings with clients $14,000

Theater tickets where business was discussed after the show 300

Dinner with friends but business was discussed 750

Country club dues 10,000

Dinner meetings with clients at the country club 5,000

What is the amount of the deduction that PRP can take of Adam's reimbursed expenses?

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Accounting Basics: Theater tickets where business was discussed after the show

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Accounting Basics: Theater tickets where business was discussed after the show

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