What amount would be reported as debt service expenditures in the year ended June 30,2015?

Name: What amount would be reported as debt service expenditures in the year ended June 30,2015?
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Question

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Debt service expenditures refer to the payments made to service outstanding debt. In this case, the government reported that it had retired all of its outstanding debt during the year ended June 30, 2015. Therefore, the debt service expenditures for the year would be zero, and the correct answer is (A).

What Amount Would Be Reported as Debt Service Expenditures in the Year