During the current year, paul, the vice president of a bank, made gifts in the following amounts: to sarah (paul's personal assistant) at christmas $61 to darryl (a key client)—$3 was for gift wrapping 28 to darryl's wife (a homemaker) on her birthday 20 to veronica (paul's boss) at christmas 100 in addition, on professional assistants' day, paul takes sarah to lunch at a cost of $65. presuming that paul has adequate substantiation and is not reimbursed, how much can he deduct

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased. b. the company's times interest earned ratio decreased. c. the company's basic earning power ratio increased. d. the company's equity multiplier increased. e. the company's debt ratio increased.