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When resources are available for Debt Service Fund payments and those payments will be made within the first month of the next accounting period, governments
When resources are available for Debt Service Fund payments and those payments will be made within the first month of the next accounting period, governments have the option, under GAAP, to record the liability and the associated expenditures for bond principal and interest at the end of the year before the payments are due. Select one: True False
General obligation debt is unsecured debt of a government.
Select one:
True
False
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