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Expenditures of a government for insurance extending over more than one accounting period May be allocated among periods or accounted for as expenditures when acquired.

Expenditures of a government for insurance extending over more than one accounting period

May be allocated among periods or accounted for as expenditures when acquired.

Must be accounted for as expenditures of the period of acquisition.

Must be allocated between or among accounting periods.

Must be accounted for as expenditures of the periods subsequent to acquisition.

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