the placement of non-recurring capital expenses in proforma cash flow projections has not been standardized. the modern treatment of capital expenditures in investment analysis is to treat them:

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The inclusion of non-recurring capital expenses in proforma cash flow calculations has not been standardized. The contemporary treatment of capital expenditures in investment analysis is to handle them below-line.

An expense is something that requires an outflow of money, or any type of fortune in general, to another person or organization as payment for an item, service, or other category of charges. Rent is a cost for a tenant. Tuition is an expense for students and parents alike. Purchasing food, clothing, furniture, or a car is commonly referred to as an expense. An expense is a cost that is "paid" or "remitted," usually in exchange for something of worth. Expense is a phrase used in sociology to describe the voluntary or involuntary sacrifice of a certain wealth or price by something or someone to something or someone else, frequently in the context of the latter taking advantage of the former.

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