Examlex
Which of the following typically would NOT be used as a basis for a participation loan?
Client-Visits
Instances where a service provider meets with clients at their location or the provider's premises for consultation or business purposes.
Planning Budget
A budget developed at the beginning of the budgeting period that is based on projected levels of activity.
Selling
Expenses incurred directly and indirectly in making sales, including advertising, sales commissions, and the cost of sales personnel.
Administrative Expenses
Overhead or indirect costs related to the general operation of a company, such as office supplies, legal fees, and management salaries.
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