Question
What would be the journal entry for the following statement when converting from modified accrual to accrual accounting? The City finished a new Admin building
What would be the journal entry for the following statement when converting from modified accrual to accrual accounting?
The City finished a new Admin building with a final cost of $8,500,000 on June 30, 2022. Construction in progress at the beginning of the fiscal year was $6,000,000.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
