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On 1 September 2022 a Contracting Officer properly awards a contract to ABCCorporation for 1000 widgets. The widgets are delivered on 1 November 2022. TheContracting
On 1 September 2022 a Contracting Officer properly awards a contract to ABCCorporation for 1000 widgets. The widgets are delivered on 1 November 2022. TheContracting Officer correctly determined that the "lead-time" exception for supplieswas applicable under the circumstances. The government paid ABC Corporation on15 November 2022. What day did obligation of funds for this contract occur?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
