Question: Bond anticipation notes may be reported as general long - term liability in which of the following circumstances? Bond anticipation notes may be reported as

Bond anticipation notes may be reported as general long-term liability in which of the following circumstances?
Bond anticipation notes may be reported as general long-term liability in which of the following circumstances?
It has been determined that there is a favorable market for issuing the bonds.
Bond anticipation notes, like other anticipation notes, must always be reported as a fund liability.
The bond anticipation notes have an original maturity of more than one year.
The government intends to refinance the bond anticipation notes within the next fiscal period.

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