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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 828 |
Essay's paper body
Crane does not carry on his activities in a businesslike manner, because he did not maintain accurate books and records and failed to charge the audience and local theatre groups a fee.
He certainly attempted to keep an accurate record of his income and expenses. For the years 2001 – 2004, Mr. Crane presented detailed lists of the income which he collected...
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For the years 2001 – 2004, Mr. Crane presented detailed lists of the income which he collected. They showed the date of the transaction, the name of the payor, the type of activity which produced the income and the amount in dollars and cents.
Large and continuous record of losses from his activity are persuasive evidence that he was not engaged in this activity for profit...
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