Multiple Choice
Bond anticipation notes are
A) Always short-term liabilities of the fund until the bonds are issued.
B) Always general long-term liabilities.
C) Sometimes treated as fund liabilities even if they have a long-term maturity.
D) Sometimes treated as general long-term liabilities even if they have a term of one year or less.
Correct Answer:
Verified
Correct Answer:
Verified
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