Governments are prevented from borrowing unlimited funds through the enforcement of debt limits. Explain the concept of

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Governments are prevented from borrowing unlimited funds through the enforcement of debt limits. Explain the concept of a debt limit. How are debt limits computed? How is the concept of borrowing power or debt margin connected to debt limits?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

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Question Posted: Oct 24, 2016 04:50 AM

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Governments are prevented from borrowing unlimited funds through the enforcement of debt limits. Explain the concept of

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A debt limit is the maximum amount of longterm debt that a ...View the full answer

Accounting for Governmental and Nonprofit Entities

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