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    Essentials of Accounting Study Set 3
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    Exam 8: Government-Wide Statements: Capital Assets; Long-Term Debt
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    The Total Amount of Indebtedness of Specified Kinds That Is
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The Total Amount of Indebtedness of Specified Kinds That Is

Question 97

Question 97

Multiple Choice

The total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any time is known as:


A) Debt margin.
B) Debt limit.
C) Borrowing power.
D) Maximum debt.

Correct Answer:

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