When a Lease Payment Is Made, an Entry Is Made

question 10

True/False

When a lease payment is made, an entry is made in the debt service (or appropriate governmental) fund to record an expenditure, and an entry is made in the governmental activities accounts to reduce Lease Obligations Payable.

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Definitions:

Social Phobia

A persistent and overwhelming fear of social situations, leading to significant anxiety and avoidance behavior.

Public Speaking

The act of speaking in front of a live audience with the aim to inform, persuade, or entertain.

Requires Speech

implies a situation, condition, or activity that necessitates verbal communication or the use of spoken language.

Phobic Disorder

An anxiety disorder characterized by an intense and irrational fear of specific objects, activities, or situations.