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Which of the following is Not deductible? Group of answer choices Employee robbed while taking daily takings to the bank. Loss would never produce income.
Which of the following is Not deductible?
Group of answer choices
Employee robbed while taking daily takings to the bank. Loss would never produce income.
Warranty costs are not deductible until repairs are affected.
Prepayment of rental of $12,000 on 1 Jun 20X1 by a business entity with turnover less than $10m is fully deductible.
Bribes are given to secure business contracts.
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