Multiple Choice
Which of the following resource inflows would be recorded as a revenue of a debt service fund?
A) Property taxes levied by the debt service fund for debt service purposes.
B) Receipt of the premium on a new bond issue.
C) Taxes collected by the General Fund and transferred to the debt service fund.
D) Transfer of the residual equity of a capital project from a capital projects fund to the debt service fund.
Correct Answer:
Verified
Correct Answer:
Verified
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