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Timbo

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  1. Please accept my apology for the elementary question, but I need some insight regarding pass through costs and instances if and when they are recognized as revenue for a prime contractor. A potential scenario would be something like: A Subcontractor submits expenses to Prime contractor for Defense Base Act insurance and airfare with regards to a specific contract. The prime reimburses the sub and then submits these costs for reimbursement requests to the government. When the prime is reimbursed from the government are there any scenarios where this reimbursement would be considered revenue to the prime?
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