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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 6: Accounting for General Long-Term Liabilities and Debt Service
  5. Question
    If All Financial Resource Inflows Have Been Collected,and All Debt
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If All Financial Resource Inflows Have Been Collected,and All Debt

Question 79

Question 79

True/False

If all financial resource inflows have been collected,and all debt interest and principal legally due has been paid,a regular serial bond debt service fund could have no assets,no liabilities,and no fund balance at year-end.

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