An Agency Fund Is Used to Account for Debt Service

Multiple Choice

An Agency Fund is used to account for debt service on special assessment bonds

A) That are not backed by the full faith and credit of the governmental unit.
B) That are not backed by the full faith and credit of the governmental unit unless the government guarantees the indebtedness.
C) On which the government is not obligated in any manner.
D) With terms exceeding 10 years.