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] All of the following expenses paid or incurred in the course of operating a...

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Accounting

] All of the following expenses paid or incurred in the course of operating a business are deductible as business expenses except A. Costs incurred by a public utility company in connection with an appearance at a public utility commission rate making hearing. B. Political contributions. C. Penalty for nonperformance of a contract. D. Reimbursements to job applicants in connection with interviews

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