General Long-Term Debt of a Governmental Entity Includes

question 27

Multiple Choice

General long-term debt of a governmental entity includes

• A)All future financial obligations.
• B)All future financial obligations that result from past transactions.
• C)All future financial obligations that result from past transactions for which the government has already received a benefit.
• D)All future financial obligations that are backed by the government's general credit and revenue raising power and that result from past transactions for which the government has already received a benefit.

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Definitions:

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