The Nadal Company mails its annual dividend check on December 31.Even when the shareholders receive their check in the following year, they must report the income in the year the check was written and mailed.()

Unreimbursed meals and entertainment paid by employees are deductible as an itemized deduction to the extent the amount exceeds 2－percent of adjusted gross income.() 点击查看答案

A closely held corporation cannot offset net passive losses against income of the business.() 点击查看答案