Editing and Revising Are Interchangeable Terms

question 21

True/False

Editing and revising are interchangeable terms.

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Definitions:

Functional Expenses

In non-profit accounting, these are the expenses directly related to the organization's programmatic, fundraising, and administrative activities.

Expense Allocated

The method by which costs are assigned to different departments, projects, or activities within an organization.

Financial Position

The status of the assets, liabilities, and equity of an organization at a given point in time, as reflected in its financial statements.

Snapshot

A brief or quick view or summary of something, or an instant or quick capture of information at a particular moment.