menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
  5. Question
    If Taxes And/or Special Assessments Are Levied Specifically for Payment
Solved

If Taxes And/or Special Assessments Are Levied Specifically for Payment

Question 38

Question 38

True/False

If taxes and/or special assessments are levied specifically for payment of interest and principal on long-term debt,those taxes are recognized as revenues of the debt service fund.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: When bonds are sold to construct a

Q34: The following description provides the best definition

Q39: When taxes and/or special assessments are levied

Q42: Which of the following statements is false?<br>A)

Q43: Fund balances of debt service funds are

Q48: A special assessment tax is<br>A) Assessed against

Q50: At the inception of a capital lease

Q71: Capital project funds exist for the duration

Q98: An encumbrance in a capital project fund

Q129: Which of the following is true with

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines