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  3. Study Set
    Essentials of Accounting Study Set 3
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    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
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    When Using Debt Service Accounting, Interest on Long Term Debt
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When Using Debt Service Accounting, Interest on Long Term Debt

Question 102

Question 102

True/False

When using debt service accounting, interest on long term debt is not to be accrued unless the payment is due in no more than one month and the government has resources available for payment.

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