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Explain in 150-300 words. An accounting student is researching the deductibility of business expenses. She found...

Explain in 150-300 words.

An accounting student is researching the deductibility of business expenses. She found an amendment to the federal Income Tax Act that certain expenses are not tax deductible. However she has also found case law that states the business expenses are deductible. Which law prevails? What additional information might you require to answer this question?

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Which law prevails? What additional information might you require to answer this question?

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