Which of the Following Statements Is Not True for Debt

Multiple Choice

Which of the following statements is not true for debt service funds?

A) Special assessment debt for which the government has some obligation is paid through the debt service fund.
B) Interest payable is reported as a liability of the debt service fund.
C) Bond principal is shown as a liability of the debt service fund only when that principal is due and payable.
D) All tax-supported bond principal is shown as a liability of the debt service fund.