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    Government and Not for Profit Accounting Study Set 2
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    Exam 8: Long-Term Obligations
  5. Question
    When the Proceeds of General Long-Term Debt Are Received by a Governmental
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When the Proceeds of General Long-Term Debt Are Received by a Governmental

Question 15

Question 15

True/False

When the proceeds of general long-term debt are received by a governmental fund, the debit to cash is offset by an other financing source on the fund statement.

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