COST SYNERGY Definition

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COST SYNERGY is the savings in operating costs expected after two companies, who compliment each others strengths, join.

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TRANSFER JOURNAL ENTRY is used to allocate an expense or revenue from one account or sponsored project to another, or to transfer funds between object codes within an account or sponsored project. Transfers journal entries should include a description of the item(s) and explanation of why the transfer is necessary.

CONTINGENT is a result that is determined by conditions or circumstances not yet established.

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