Lulu made the following gifts during the yearpresuming, Ask an Expert

Accounting

Lulu made the following gifts during the year:

To Joan, a key client ($10 of the amount listed was for gift wrapping) $40
To Demitria, Lulu's secretary, on Demitria's birthday 50
To Francoise, Lulu's boss, at Christmas 60

Presuming proper substantiation, what Lulu's deduction is:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M983799

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