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Preceding-Year Basis |
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Preceding-Year Basis In budgeting and other estimates, the practice of using the previous year's numbers as guidance. For example, if a company's expenses from salaries were $2 million in 2009, it may estimate that they will be in the range of $2 million in 2010. However, one may make adjustments to account for changes from the previous year. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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