Question: The section Preparing Government Wide Financial Statements points out that

The section “Preparing Government- Wide Financial Statements” points out that the State of California is accreting gradually its obligation for postemployment benefits other than pensions, while New York City recorded the entire obligation immediately. Do you believe one method is preferable to the other? Why? Would you change the accounting standard to require one or the other method? (Consider the perspectives of both the user and the preparer of the financial statements.)


View Solution:


Sale on SolutionInn
Sales1
Views154
Comments
  • CreatedDecember 30, 2014
  • Files Included
Post your question
5000