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A Government's MD&A States That Government-Wide Net Position Decreased as a Result

Question 61

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A government's MD&A states that government-wide net position decreased as a result of the issuance of a long-term liability during the current reporting period. Does this sound correct? How does the issuance of long-term debt typically affect net position in the year of issuance?

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On the surface, this statement does not ...

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