Describe the expenditure recognition criteria for compensated absences expenditures under modified accrual accounting.
Compensated absences should be recognized to the extent that you have funds to cover the liability. Any exccess amounts will be reported on the government-wide statements as long term liabilities.
Compensated absences should be recognized to the extent that you have funds to cover the liability. Any exccess amounts will be reported on the government-wide statements as long term liabilities.
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