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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 6: Accounting for General Long-Term Liabilities and Debt Service
  5. Question
    Since the Debt of a Government Is Subject to a Legal
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Since the Debt of a Government Is Subject to a Legal

Question 3

Question 3

True/False

Since the debt of a government is subject to a legal debt limit, there cannot be any legal overlapping debt.

Correct Answer:

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