Orange County NC Website
Intangibles Tax <br /> • Change in distribution will affect <br /> 1994-95 revenues. <br /> • In anticipation of change, Staff <br /> pursued technical accounting change <br /> in 1993-94. <br /> • GAAP "Change must occur in accounting <br /> period affected." <br /> • Accting change to be implemented in <br /> 1994-95, with no impact in overall <br /> financial condition. <br />