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    Advanced Accounting
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    Exam 10: State and Local Governments: Introduction and General Fund Transactions
  5. Question
    Resources Required by the Legal Budget to Be Used for Debt
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Resources Required by the Legal Budget to Be Used for Debt

Question 185

Question 185

Multiple Choice

Resources required by the legal budget to be used for debt service are reported in which fund balance category of a state's general fund balance sheet?


A) Assigned
B) Committed
C) Restricted
D) Nonspendable

Correct Answer:

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