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Debt service expenditures on general long-term debt principal should be recognized in the period that the liability: accrues, if paid. accrues, whether or not paid.
Debt service expenditures on general long-term debt principal should be recognized in the period that the liability:
- accrues, if paid.
- accrues, whether or not paid.
- is legally due, if paid.
- is legally due, whether or not paid.
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
