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Discussion Questions Peter owns a florist and sells unique flower arrangements. Last year Peter purchased flowers from Flower Farm at an average cost of $104.99
Discussion Questions
Peter owns a florist and sells unique flower arrangements. Last year Peter purchased flowers from Flower Farm at an average cost of $104.99 per 50 rose stems. This year, however, peter purchased flowers from a local wholesaler at an average cost of $125 per 50 rose stems. Under what circumstances would the IRS likely challenge the cost of Peter's flowers as unreasonable? State the circumstance and explain it.
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