a.  Presuming no reimbursement for these expenses, how much, if any, of these weekend expenses may Kristen deduct? $fill in the blank 9570f9fe1fa5079_1 b.  What would your answer be if the amounts involved were reversed (i.e., the trip home would have cost $490; staying in Jackson would have been $550)?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Problem 9-24 (LO. 3)

Kristen, an independent management consultant, is based in Atlanta. During March and April of 2020, she is contracted by a national hardware chain to help implement revised human resource policies in Jackson (Mississippi) temporarily. During this period, Kristen flies to Jackson on Sunday night, spends the week at the district office, and returns home to Atlanta on Friday afternoon. The cost of returning home is $550, and the cost of spending the weekend in Jackson would have been $490.

a.  Presuming no reimbursement for these expenses, how much, if any, of these weekend expenses may Kristen deduct?
$fill in the blank 9570f9fe1fa5079_1

b.  What would your answer be if the amounts involved were reversed (i.e., the trip home would have cost $490; staying in Jackson would have been $550)?

Kristen may deduct $fill in the blank 05a4acfc8fd204e_1 as weekend expenses.

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