Define workout expenditures, Accounting Basics

Workout Expenditures

Professional fees (legal, accounting, appraisal) paid to entities unaffiliated with the investment company's advisor or sponsor in connection with any of the following:

a.  Capital infusions 

b.  Restructurings or plans of reorganization 

c.  Ongoing efforts to protect or enhance an investment 

d.  The pursuit of other claims or legal actions. 

Posted Date: 8/9/2012 5:21:13 AM | Location : United States







Related Discussions:- Define workout expenditures, Assignment Help, Ask Question on Define workout expenditures, Get Answer, Expert's Help, Define workout expenditures Discussions

Write discussion on Define workout expenditures
Your posts are moderated
Related Questions
Q. Explain about Sales discounts? Sales discounts when a company sell goods on account it clearly specifies terms of payment on the invoice. For instance the invoice in Exhibit

A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from an

How does contribution margin work?

Webster, Inc. began operations at the start of the present year, having a production target of 60,000 units. Real production totalled 60,000 units, and the company sold 95% of its

assignments

Q. Summary of significant accounting policies? As part of their annual reports companies comprise summaries of significant accounting policies. These policies help users in int

Oil production has been proposed for an area along the coast off Southern California. Oil production would jeopardize the use of beaches along 10 miles of coast which are a major v

The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount

Analysing and Recording Process Question A friend knows that you are studying the Business Accounting 1 course, so he approaches you and enquires about the steps of the ana

Q. Explain Accounting entity concept? Business entity concept (or accounting entity concept). Data assemble in an accounting system relates to a specific business unit or entit