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    Accounting for Governmental
  4. Exam
    Exam 6: Accounting for General Long-Term Liabilities and Debt Service
  5. Question
    Term Bond Debt Service Funds Should Always Be Accounted for on the Assumption
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Term Bond Debt Service Funds Should Always Be Accounted for on the Assumption

Question 80

Question 80

True/False

Term bond debt service funds should always be accounted for on the assumption that they are operated on an actuarial basis.

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