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  3. Study Set
    Essentials of Accounting Study Set 3
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    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
  5. Question
    Debt Service Funds Are Created for Debt Issues Where the Activities
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Debt Service Funds Are Created for Debt Issues Where the Activities

Question 148

Question 148

True/False

Debt service funds are created for debt issues where the activities of proprietary funds generate sufficient cash to make interest and principal payments.

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