Measurement focus and accrual basis of accounting The economic resources measurement focus and the accrual basis of accounting are appropriate for which of the following funds: Select one: o Capital projects fund o Internal service fund O Debt service fund o Special revenue fund Reporting objectives Which of the following is not one of the GASB's reporting objectives? Select one: O Providing assurance that the governmental entity is solvent O Providing information on the extent of the governmental entity's service efforts and accomplishments O Providing information relating to variances from the approved budget O All of these are GASB objectives Debt service funds Which of the following statements is true regarding debt service funds? Select one: O Debt service funds can be used for any of the Governmental, Proprietary or Fiduciary funds o Debt service funds can only be used for the Governmental and Proprietary funds O Debt service funds can only be used for the Governmental fund O Debt service funds can only be used for Fiduciary funds