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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 6: Accounting for General Long-Term Liabilities and Debt Service
  5. Question
    The Liability for Matured Bonds Payable Should Be Recorded by a Debt
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The Liability for Matured Bonds Payable Should Be Recorded by a Debt

Question 31

Question 31

True/False

The liability for matured bonds payable should be recorded by a debt service fund only if a legal appropriation for that purpose exists in the proper amount.

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