What unique issues arise when a government, as opposed to a business, is declared bankrupt?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:50 AM

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What unique issues arise when a government, as opposed to a business, is declared bankrupt?

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Unlike businesses governments have the power to tax and at least i...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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