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Which of the following statements is true? A. Debt limit represents the total amount of indebtedness of specified kinds that is allowed by law to
Which of the following statements is true?
A. Debt limit represents the total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time.
B. Overlapping debt is a calculation of the difference between the amount of debt limit calculated as prescribed by law and the net amount of outstanding imdebtedness subject to limitation.
C. Debt margin is reported to the governmental activites column of the government wide statements.
D. All of the given statements are true.
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