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  3. Study Set
    Advanced Accounting
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    Exam 11: State and Local Governments: Other Transactions
  5. Question
    A Debt Service Fund Is Used to Report Payments of Principal
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A Debt Service Fund Is Used to Report Payments of Principal

Question 29

Question 29

Multiple Choice

A debt service fund is used to report payments of principal and interest on bonds used for:


A) Governmental and proprietary activities
B) Proprietary activities
C) Governmental activities
D) Fiduciary activities

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