Interest Expenditures on Bonds Payable Should Be Recorded in a Debt

question 64

Multiple Choice

Interest expenditures on bonds payable should be recorded in a debt service fund

• A) At the end of the fiscal period if the interest due date does not coincide with the end of the fiscal period.
• B) When bonds are issued.
• C) When the interest is paid.
• D) When the interest is legally payable.

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