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Which of the following statements is true? A - Debt margin is reported in the governmental...

Which of the following statements is true?

  • A - Debt margin is reported in the governmental activities column of the government-wide statements.

  • B - Debt limit represents the total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time.

  • C - Overlapping debt is a calculation of the difference between the amount of debt limit calculated as prescribed by law and the net amount of outstanding indebtedness subject to limitation.

  • D -All of the given statements are true.

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