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Below is the questions This are the possible choices for answers Select the key term that relate to accounting for general long-term liabilities and debt

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Select the key term that relate to accounting for general long-term liabilities and debt service from the list that best matches with the following definition. A transaction in which cash or other assets are placed into an irrevocable trust for the benefit of debt holders 2 Bonds for which the amount of annual principal repayments is scheduled to increase each year by 2. 3. Bonds payable in which the total principal is repayable in a specified number of equal annual installments 4. The maximum amount of gross or net debt that is legally permitted approximately the same amount that interest payments decrease A transaction in which debt is legally satisfied based on certain provisions in the debt instrument even though the debt has not been repaid

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