If a certain city had six tax-supported bond issues and three special assessment bond issues outstanding, it

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If a certain city had six tax-supported bond issues and three special assessment bond issues outstanding, it would be preferable to operate nine separate debt service funds or, at a minimum, one debt service fund for tax-supported bonds and one for special assessment bonds. Do you agree? Explain.

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Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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