Solved

When the Debt Service Fund Makes a Payment of Principal

Question 62

Multiple Choice

When the debt service fund makes a payment of principal and interest on an outstanding long-term debt,the governmental activities accounts


A) Reflect the principal payment only.
B) Reflect the interest payment only.
C) Has no record of the transaction.
D) Reflects both principal and interest payments.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents