Akira Shinoda starts a new business. Mr. Shinoda uses his personal car in the business with the
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Akira Shinoda starts a new business. Mr. Shinoda uses his personal car in the business with the expectation that latetrh eb usiness can buy a car. All expenses for operating the car, including license plates, gasoline, oil, tune-ups, and new tires, are paid for out of business funds. Is this an acceptable procedure? Explain.
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