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Through the 12 months of implementation, what should really lessees report within the governmental fund statement of revenues, expenditures and improvements in fund equilibrium?
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This is based on an interpretation of paragraph ninety four of GASB 87 which states “Leases need to be regarded and measured utilizing the points and instances of the duration of implementation.” This broad interpretation of paragraph ninety four is shared by the Government Finance Officers Association (GFOA), who demonstrates this presentation in examples shared with its members.
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