Question: Define and briefly explain crossover as the term is used in bond refundings in the governmental environment. In your analysis, be sure to include a

Define and briefly explain crossover as the term is used in bond refundings in the governmental environment. In your analysis, be sure to include a brief discussion of the following questions:
a. What types of situations give rise to a crossover refunding?
b. What are the financial statement effects of a crossover refunding?
c. Are there potential budgetary implications when a governmental entity has a crossover refunding?

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