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Difference between expenditures and expenses

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Question: (Difference between expenditures and expenses) Based on the information shown below, calculate for the year ended December 31, 2012,

(a) the total amount of expenditures that would be recognized when using the current financial resources measurement focus and modified accrual basis of accounting, and

(b) the total amount of expenses that would be recognized using the economic resources measurement focus and accrual basis of accounting.

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Reference no: EM131704660

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