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Are there additional disclosures required by GASB No. 34 for long-term liabilities?

April 26, 2017additional disclosures GASB liabilities long-term

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Are there additional disclosures required by GASB No. 34 for long-term liabilities?

1 Answer

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A. Yes. The disclosure for long-term liabilities includes a new column, Amounts Due within One Year. Also, there is a distinct presentation of the liabilities for governmental activities and for business-type activities in the disclosure.