Which of the following is false with respect to long-term debt?
A) Term bonds mature in their entirety on a given date.
B) If a sinking fund is required by creditor or law, the unexpended resources would be classified as restricted.
C) Resources transferred to the debt service fund from the General Fund would typically be classified as Other financing sources by the debt service fund.
D) All of the above statements are true.
Correct Answer:
Verified
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