Indicate the adjustment amount required in calculating business income for tax purposes with respect to the following
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Question:
Indicate the adjustment amount required in calculating business income for tax purposes with respect to the following accounting deductions. Show by way of 0 any item that does not require adjustment.
1) $35,100 legal fees regarding the restructure of bank debt
2) $8,400 reserve accrued on specific identification of uncollectible receivables
3) $14,000 music concert tickets given to clients
4) $83,000 management bonus accrued and paid in October of following year
5) $5,400 loss incurred on employee theft
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