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InterviewSolution
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Expenses incurred to overhaul machine is non recurring expenses? |
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Answer» Selling, general, and administrative expense represent a broad CATEGORY of costs involved with the operations of a business. WITHIN this broad category, you will find RECURRING and non-recurring expenses, each reported in various ways on a company’s financial statements. The main difference between recurring and nonrecurring general and administrative expenses can best be understood as the difference between regular, fixed expenses a company EXPECTS to have on an ongoing basis versus expenses that occur one-time or EXTRAORDINARILY. |
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