ALLOCATE Definition

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ALLOCATE is to distribute according to a plan or set apart for a special purpose. Examples: a. spread a cost over two or more accounting periods; b. charge a cost or revenue to a number of departments, products, processes or activities on a rational basis.

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FASB see FINANCIAL ACCOUNTING STANDARDS BOARD.

YANKEE BOND is a dollar bond issued by a non-U.S. borrower in the United States.

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