What Kinds of Expenditures Are Accounted for in Debt Service

question 16

Multiple Choice

What kinds of expenditures are accounted for in Debt Service Funds?

• A)only the principal payments on general obligation long-term debt
• B)only the interest expenditures on general obligation long-term debt
• C)both principal payments and interest expenditures on general obligation long-term debt
• D)all debt service on all governmental debt,regardless of the purpose of the debt

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