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Content AreaThe Wondercress advertising agency rents a skybox at the First Energy Stadium where the Cleveland Browns plays its home games. The cost of the
Content AreaThe Wondercress advertising agency rents a skybox at the First Energy Stadium where the Cleveland Browns plays its home games. The cost of the skybox for the season is $60,000 and includes ten tickets to each game. The team plays 8 games a year at the arena. The most expensive non-luxury box seat is $125. After acquiring a new advertising client, the president of the agency invites 9 business associates to watch a game in the company skybox. What amount can Wondercress deduct as an entertainment expense? a. $4,200 b. $2,150 c. $2,100 d. $1,075 e. $- 0
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