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Debt service funds are used to account for which of the following? a. Payment of only interest on general long-term debt. b. Payment of only

Debt service funds are used to account for which of the following?

a. Payment of only interest on general long-term debt.

b. Payment of only principal on general long-term debt.

c. Payment of principal and interest on general long-term debt.

d. Payment of principal and interest on all debt of the government.

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