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Carol and Jerry, LLP, pays the Good Eats Caf each month for the lunches the two accountants eat there each work day. While at lunch,
Carol and Jerry, LLP, pays the Good Eats Caf each month for the lunches the two accountants eat there each work day. While at lunch, Carol and Jerry always discuss some business. Often, Carol and Jerry invite friends who work at other CPA firms to join them, so they can keep up with what is happening in the accounting community. Write a research memo to your senior partner explaining the proper tax treatment of the partner lunches.
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