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Question 5 When (i.e., at what date) is it appropriate for the town to recognize gains from adjustments to its prebankruptcy debt? Cite your source.

Question 5

  1. When (i.e., at what date) is it appropriate for the town to recognize gains from adjustments to its prebankruptcy debt? Cite your source.
  3. Locate the summary of the original standard for this issue, and describe the objective of this standard.

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