Mona works for Leonardo Corporation as a sales representative. Leonardo gives her a travel allowance of $350 per month. During the current year, she spends the following amounts on valid travel expenses: Transportation $ 2,700 Meals 1,500 Lodging 1,800 How should Mona treat the $350 per month travel allowance and the travel costs she incurs if: a. Leonardo’s reimbursement plan is an accountable plan? b. Leonardo's reimbursement plan is a nonaccountable plan?
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Mona works for Leonardo Corporation as a sales representative. Leonardo gives her a travel allowance...
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