Which of the Following Is a True Statement About Governments

question 80

Multiple Choice

Which of the following is a true statement about governments that issue tax-supported debt to finance capital projects?

• A)Most states do not permit bonds to be issued at a premium.
• B)Accrued interest is recorded as an other financing source of the capital projects fund.
• C)Premiums on bonds issued must be amortized in the debt service fund.
• D)Premiums on bonds issued is recorded as an other financing source of the debt service fund.

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