Multiple Choice
A Debt Service Fund received an annual payment from the General Fund to finance upcoming debt service payments. The amount received from the General Fund should be reported in the Debt Service Fund statement of revenues, expenditures, and changes in fund balance as
A) Other financing sources.
B) Revenues.
C) Proceeds from interfund loans.
D) Special item.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Debt Service Fund expenditures reported on the
Q4: A government paid $6,000,000 into an irrevocable
Q5: A government has $1,000,000 of 6%, 10-year
Q6: What measurement focus does a Debt Service
Q7: Revenues in a Debt Service Fund are
Q9: All of the following statements regarding a
Q10: If General Fund cash is transferred to
Q11: Debt Service Fund expenditures would include all
Q12: If a special tax is levied to
Q13: Debt service expenditures on general long-term debt