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Debt issuance costs Page 252 A. Include legal and administrative fees associated with bond issuance. B. Are recognized as an expense at the governmental fund
Debt issuance costs Page 252
A. Include legal and administrative fees associated with bond issuance.
B. Are recognized as an expense at the governmental fund level.
C. Are capitalized and amortized over the life of the bond.
D. Are reported as deferred outflows of resources at the government-wide level.
Book - Accounting for Governmental & Nonprofit Entities (18th Edition)
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