Question: Under pressure to balance their budgets governments at all levels
Under pressure to balance their budgets, governments at all levels have resorted to ﬁscal gimmicks, such as delaying the wages and salaries of government employees from the last day of the month to the ﬁrst day of the following month. In the year of the change they thereby had one fewer pay periods. How would the change affect the reported expenditures of a governmental fund under GAAP?
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