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When a Governmental Unit Is Primarily or Secondarily Liable for the Debt,debt

Question 114

Multiple Choice

When a governmental unit is primarily or secondarily liable for the debt,debt proceeds for special assessments levied for the construction phase of a capital improvement project should be reported in which of the following fund types?


A) Capital projects.
B) General.
C) Agency.
D) Debt service.

Correct Answer:

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