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  3. Study Set
    Government and Not for Profit Accounting Study Set 2
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    Exam 8: Long-Term Obligations
  5. Question
    Tax Anticipation Notes (TANs) Must Be Reported as Current Liabilities
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Tax Anticipation Notes (TANs) Must Be Reported as Current Liabilities

Question 26

Question 26

True/False

Tax anticipation notes (TANs) must be reported as current liabilities of the governmental funds in which the related revenues will be reported, as well as in the government-wide statements.

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