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Business, 16.04.2020 18:20 atlasthegoat

In order to recognize a debt service payment that comes due in the next fiscal year as an expenditure in the current fiscal year, which of the following conditions need not hold true?The payment must be for interest only; principal payments do not qualify for this early recognition. The resources dedicated for the payment must be held in the appropriate Debt Service Fund. Resources to make the payment need to have been raised in the current fiscal year to make the payment. The payment must come due early (not more than one month) in the next fiscal year.

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