When Taxes And/or Special Assessments Are Levied Specifically for Payment

question 64

Multiple Choice

When taxes and/or special assessments are levied specifically for payment of interest and principal on long-term debt,those taxes are recognized:

• A) As revenues in the General Fund with transfers made to the debt service funds for payments.
• B) As revenues in the debt service fund.
• C) As revenues in the capital projects fund with transfers made to the debt service funds for payments.
• D) As Other Financing Sources in the debt service fund.

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Definitions:

Proprioceptors

Sensory receptors located in muscles, tendons, and joints, responsible for sensing body position and movement.

Memory Failure

The inability to recall or recognize information that was previously encoded into the brain's memory.

Fight-or-Flight

A physiological response to perceived harmful events or threats, preparing the body to either confront or avoid the danger.

Tympanic Membrane

A thin layer of tissue in the ear, also known as the eardrum, that vibrates in response to sound waves and transmits these vibrations to the ossicles within the middle ear.