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(a) Underneath any given Federal award, the reasonableness and allocability of sure things of fees can be tricky to establish. To be able to steer clear of subsequent disallowance or dispute dependant on unreasonableness or non-allocability, the non-Federal entity may perhaps look for the prior composed approval with the cognizant company for indir

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other things, like illiquidity, that market place participants would reflect in pricing the longer term cash flows the entity expects to derive within the assetCash flow projections must be determined by affordable and supportable assumptions, the most recent budgets and forecasts, and extrapolation for intervals beyond budgeted projections. [IAS 3

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