In Order to Recognize a Debt Service Payment That Comes

Multiple Choice

In order to recognize a debt service payment that comes due in the next fiscal year as an expenditure in the current fiscal year, which of the following conditions need not hold true?

A) The payment must come due early (not more than one month) in the next fiscal year.
B) Resources to make the payment need to have been raised in the current fiscal year to make the payment.
C) The resources dedicated for the payment must be held in the appropriate Debt Service Fund.
D) The payment must be for interest only; principal payments do not qualify for this early recognition.