Project #161327 - Government and Non-profit Accounting

Business Tutors

Subject Business
Due By (Pacific Time) 12/22/2016 08:00 am

Governments are not required to accrue interest on long-term debt in governmental funds even if the interest is applicable to a current period and will be due the first day of the following year. Explain and justify the standards that permit this practice.

 

This is a discussion item so it can be short.  It does need to be in APA format and needs sources that are cited properly. 

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