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  3. Study Set
    Governmental and Nonprofit Accounting
  4. Exam
    Exam 2: State and Local Government Accounting and Financial Reporting Modelthe Foundation
  5. Question
    General Government Financial Resources That Are Required to Be Used
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General Government Financial Resources That Are Required to Be Used

Question 4

Question 4

Multiple Choice

General government financial resources that are required to be used to pay principal and interest on general government long-term debt are accounted for in


A) A Capital Projects Fund.
B) A Debt Service Fund.
C) The General Fund.
D) A Special Revenue Fund.

Correct Answer:

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