With Respect to Bond Refunding,which of the Following Is False

With respect to bond refunding,which of the following is false?

A) Advanced refunding exists when the proceeds of a bond issue are placed in an escrow account pending the maturity date of the existing debt.
B) Advanced refunding will result in both the original and new debt to be reported in the fund statements.
C) Current refunding exists when new debt is issued to call the existing debt.
D) Bond refunding is often done to obtain better interest rates.