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Which of the following statements is not true for debt service funds? A . Special assessment debt for which the government has some obligation is
Which of the following statements is not true for debt service funds?
A Special assessment debt for which the government has some obligation is paid through the debt service fund.
B Interest payable may be reported as a liability of the debt service fund.
C Bond principal is shown as a liability of the debt service fund only when that principal is due and payable.
D All taxsupported bond principal is shown as a liability of the debt service fund.
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