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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...

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 permits this practice.

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interest on long term debt.docx

Question: Governments are not required to accrue interest on longterm debt in governmental funds, even if the interest is applicable to
a current period and will be due the first day of the...

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