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Advance bonuses are: a. They are sometimes treated as general long-term liabilities even though they have a maturity of one year or less, b. They

Advance bonuses are: a. They are sometimes treated as general long-term liabilities even though they have a maturity of one year or less, b. They are sometimes treated as liabilities of the fund even though they have a long-term maturity, c. always short-term liabilities of the fund until the bonds are issued

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