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Debt service expenditures for interest are: Multiple Choice Accrued. Recorded when due but may be accrued at year end if the debt service due date

Debt service expenditures for interest are:

Multiple Choice

  • Accrued.

  • Recorded when due but may be accrued at year end if the debt service due date is less than 60 days after year.

  • Recorded when due but may be accrued at year end if the debt service due date is less than 30 days after year end.

  • Reported only in the government-wide statements.

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