Clc stuvia 2023 - Study guides, Class notes & Summaries

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CLC 056 Exam Questions & Answers 100% Correct(GRADED A+)
  • CLC 056 Exam Questions & Answers 100% Correct(GRADED A+)

  • Exam (elaborations) • 2 pages • 2023
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  • Which of the following are exemptions to the Cost Accounting Standards? - ANSWER-Small Businesses; Contracts based on established or market prices or fixed by law or regulation; All contracts awarded using sealed bidding Using the CAS Coverage and Disclosure Statement Determination flowchart, determine if the original (basic) BBOMS contract is subject to CAS - ANSWER-Yes, none of the listed exemptions apply. Since this is a negotiated procurement in excess of $7.5 M, the contract is coved by ...
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