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Debt service expenditures on general long-term debt principal should be recognized in the period that...

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Accounting

Debt service expenditures on general long-term debt principal should be recognized in the period that the liability:

  1. accrues, if paid.
  2. accrues, whether or not paid.
  3. is legally due, if paid.
  4. is legally due, whether or not paid.

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