An attorney in fact is a general agent.

Flash had cash inflows from operations $62,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000. The net change in cash was:

a. $40,500 increase. b. $40,500 decrease. c. $134,500 decrease. d. $134,000 increase. e. $9,500 increase.

Which of the following elements is not part of the directly related test for entertainment?

a. The main purpose of the entertainment was the active conduct of business. b. You did engage in business with the person during the entertainment period. c. You had more than a general expectation of getting income or some other specific business benefit. d. The entertainment took place directly before or after a business discussion.