The government raises debt from various sources to finance its capital projects. A reserve is created by the government to pay back principal & interest amount of debts, known as debt service fund. The reporting made in general long-term group for the fund received by debt service fund for repayment of bond principal.

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Chapter 16, Problem 2.10E

To determine

Introduction: The government raises debt from various sources to finance its capital projects. A reserve is created by the government to pay back principal & interest amount of debts, known as debt service fund.

The reporting made in general long-term group for the fund received by debt service fund for repayment of bond principal.

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