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Posted on Sep 04, 2024

An expenditure for general obligation long-term debt is always recorded at year end in the governmental funds for: a. accrued interest and accrued principal b.

An expenditure for general obligation long-term debt is always recorded at year end in the governmental funds for: a. accrued interest and accrued principal b. accrued principal only c. accrued interest only d. neither accrued interest or accrued principal

Please explain why you chose your selected answer. Thank you.

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