A city funds the construction of a golf course by issuing $50 million in general obligation bonds.
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A reasonable case could be made that general obligation debt should be reported a...View the full answer
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Related Book For 
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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