Accounting For Governmental And Not For Profit Entities
Accounting For Governmental And Not For Profit Entities
17th Edition
ISBN: 9781308700441
Author: RECK
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 12, Problem 13C

a.

To determine

Indicate the document that should be referred to for the classification of allowability of the costs.

b.

To determine

Draft a short memo explaining your opinion on the whether the given costs are allowable or unallowable, and if the unallowable costs could be classified as allowable indirect costs, and mention the limitations that are required for classifying those as allowable costs.

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