A public school district should recognize revenue from property taxes levied for its debt service fund when
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A public school district should recognize revenue from property taxes levied for its debt service fund when
Funds from the levy are measurable and available to the district.
Assessed valuations of property subject to the levy are known.
Bonds to be retired by the levy are due and payable.
Proceeds from collection of the levy are deposited in the district’s bank account.
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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