(a) Bond sinking fund investment securities have risen in value. Should the appreciation in value be recorded...

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(a) Bond sinking fund investment securities have risen in value. Should the appreciation in value be recorded in the accounts of the Debt Service Fund?
(b) Would your answer be different if the securities had declined in value?

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 04:57 AM

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(a) Bond sinking fund investment securities have risen in value. Should the appreciation in value be recorded...

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Governmental and Nonprofit Accounting

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