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A city government levies property taxes that are recorded directly into a Debt Service Fund, rather than the General Fund. How should those property taxes
A city government levies property taxes that are recorded directly into a Debt Service Fund, rather than the General Fund. How should those property taxes be reported in the government-wide statement of activities? a. As property tax revenue in the general revenues section Ob. As a direct reduction of interest expenses in the functional expense section c. As an element of program revenue, which reduce gross interest expenses Od. As a negative expense, which is then allocated to all functions or programs
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