E3-2 On numerous occasions, proposals have surfaced to put the federal government on the ac crual basis

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E3-2 On numerous occasions, proposals have surfaced to put the federal government on the ac¬

crual basis of accounting.This is no small issue. If this basis were used, it would mean that billions in unrecorded liabilities would have to be booked, and the federal deficit would increase substantially.

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 19, 2024 06:04 AM

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E3-2 On numerous occasions, proposals have surfaced to put the federal government on the ac crual basis

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Financial Accounting

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