Content Effective Audit Committee Guide What Is the Difference between IFRS and GAAP? Nonprofit Law in The Philippines A. Types of Organizations When an organization considers the final indirect cost rate to be a reasonable estimate of its rate for coming year, it will be established as the new provisional rate. If this is not …
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Capital expenditures are for fixed assets, which are expected to be productive assets for a long period of time. Revenue expenditures are for costs that are related to specific revenue transactions or operating periods, such as the cost of goods sold or repairs and maintenance expense. The differences between these two types of expenditures are …
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