Question
Annual lease payments A. Are required to be paid from a debt service fund. B. Require payment of interest from a debt service fund and
Annual lease payments
A. Are required to be paid from a debt service fund.
B. Require payment of interest from a debt service fund and principal from governmental activities.
C. Are recorded at both the fund and government-wide levels.
D. Are reported in the notes to the financial statements but not within the financial statements themselves.
Accounting for Governmental & Nonprofit Entities e 18
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Accounting Ethics
Authors: Ronald F. Duska, Brenda Shay Duska, Julie Anne Ragatz
2nd Edition
1405196130, 978-1405196130
