Debt ﬁnancing incurred to acquire capital assets or other long-term economic beneﬁts through governmental funds is termed

Question

Quizplus · Accepted Answer

The term used for debt financing incurred to acquire capital assets or other long-term economic benefits through governmental funds is General Long-Term Capital Debt. This type of debt is usually repaid over a period of 10 to 30 years, and the repayment is usually made using the revenues generated from the capital assets that were acquired. Therefore, option A) is the correct choice. Options B), C), and D) are incorrect as they do not accurately describe the type of debt financing incurred for acquiring capital assets or other long-term economic benefits.

Debt ﬁNancing Incurred to Acquire Capital Assets or Other Long-Term