A state incurs interest on funds used while a highway was under construction. How will this interest

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A state incurs interest on funds used while a highway was under construction. How will this interest be accounted for on the state’s
(a) Capital project’s fund statements and
(b) Government-wide statements?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:48 AM

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A state incurs interest on funds used while a highway was under construction. How will this interest

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Government and Not for Profit Accounting Concepts and Practices

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