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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 6: Accounting for General Long-Term Liabilities and Debt Service
  5. Question
    Debt Margin Is a Term Used to Denote the Total
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Debt Margin Is a Term Used to Denote the Total

Question 68

Question 68

True/False

Debt margin is a term used to denote the total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time, while debt limit is the difference between the debt margin and the amount of outstanding debt subject to the debt limitation.

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