GASB allows state local goverment to provide for the removal of general government long-term debt principal from the GLTL and year-end Government-wide financial statements if replacement debt is issued by a state local goverment. Please list the names of the two different situations in which GASB allows for this, and briefly describe each.

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The Government Accounting Standards Board GASB is a private nongovernmental organization that create... View the full answer