Advanced Accounting
Advanced Accounting
14th Edition
ISBN: 9781260247824
Author: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik
Publisher: RENT MCG
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Chapter 17, Problem 2Q
To determine

The accountants for a city government are attempting to determine the appropriate method of reporting a series of unique financial transactions. They have reviewed all of the authoritative sources of GAAP and have not located an answer. Explain what actions they should take next.

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