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    Business
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    Accounting for Government and Nonprofit Organizations
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    Exam 7: Proprietary Type Fundsenterprise and Internal Service Funds
  5. Question
    Revenue Bonds Are Debt That Is Secured Exclusively by the Revenues
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Revenue Bonds Are Debt That Is Secured Exclusively by the Revenues

Question 30

Question 30

True/False

Revenue bonds are debt that is secured exclusively by the revenues generated by an activity accounted for in a specific fund, generally an Enterprise Fund.

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