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24: Employer gives his son a car for Christmas Question 25 options: (A) Son has income equal to the value of the car under Duberstein
24: Employer gives his son a car for Christmas Question 25 options: (A) Son has income equal to the value of the car under Duberstein (B) Son has an exclusion under 102(a) (C) Employer has a deduction for the transfer equal to the value of the car (D) Employer's deduction is limited to $25 under 274(b) (E) B and D but not A and C
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
