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Measurement focus and accrual basis of accounting The economic resources measurement focus and the accrual basis of accountinReporting objectives Which of the following is not one of the GASBs reporting objectives? Select one: O Providing assuranceDebt service funds Which of the following statements is true regarding debt service funds? Select one: O Debt service funds c

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Answer #1

Providing assurance that the government entity  is solvent.

Debt service funds can be used for any of the governmental and proprietary Fund.

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