NONRECURRING is an income statement item that is infrequent in occurrence or unusual in nature.
BOA is Board of Auditors, Bank of America, Board of Adjustment, or Basic Ordering Agreement.
OBJECTIVITY PRINCIPLE states that accounting will be recorded on the basis of objective evidence. Objective evidence means that different people looking at the evidence will arrive at the same values for the transaction. Simply put, this means that accounting entries will be based on fact and not on personal opinion or feelings.
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