Ask Question
18 November, 19:38

Debt service funds may be sued to account for all of the following except:

A) Repayment of debt principal

B) Lease payments under capital leases

C) Amortization of premiums on bonds payable

D) The proceeds of refunding bond issues

+4
Answers (1)
  1. 18 November, 19:47
    0
    Answer: C) Amortization of premiums on bonds payable

    Explanation:

    A debt service fund is a cash reserve that is used to pay for interest and principal payments on some types of debt. Debt service funds may be sued to account for repayment of debts, the proceeds of refunding bond issues and also lease payment under capital leases but may not account for amortization of premiums on bond payable.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Debt service funds may be sued to account for all of the following except: A) Repayment of debt principal B) Lease payments under capital ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers