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  3. Study Set
    Government and Not for Profit Accounting Study Set 2
  4. Exam
    Exam 8: Long-Term Obligations
  5. Question
    Although Governments May Elect to Report Conduit Debt in Their
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Although Governments May Elect to Report Conduit Debt in Their

Question 1

Question 1

True/False

Although governments may elect to report conduit debt in their government-wide and proprietary fund statements, the GASB has ruled that note disclosure is sufficient.

Correct Answer:

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