Under what circumstances might a government consider an advance refunding of general obligation bonds outstanding?

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Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Dec 03, 2011 10:18 AM

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Under what circumstances might a government consider an advance refunding of general obligation bonds outstanding?

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Advance refunding may be desirable when the interest rate on outstand...View the full answer

Accounting for Governmental and Nonprofit Entities

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