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How can you justify such accounting

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Reference no: EM132019822

Question - Your school district grants teachers a sabbatical leave every 7 years. Yet, consistent with GAAP, it fails to accrue a liability for such leave over the period in which the leave is earned - not even in its government wide statements. How can you justify such accounting?

1) From an accounting rules perspective?

2) From a tax rate determination perspective?

Reference no: EM132019822

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