Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) Debt limit represents the total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time.
B) Overlapping debt is a calculation of the difference between the amount of debt limit calculated as prescribed by law and the net amount of outstanding indebtedness subject to limitation.
C) Debt margin is reported in the governmental activities column of the government-wide statements.
D) All of the above statements are true.