Wyoming Mining Corporation makes regular monetary deposits that will accumulate and provide for an orderly retirement of their bonds when they come due in 2015.Wyoming Mining appears to be utilizing a:

Question

Quizplus · Accepted Answer

Wyoming Mining Corporation is using a sinking fund, which is a means of setting aside money on a regular basis in order to retire a debt issue, in this case, their bonds due in 2015. This allows the company to ensure they have the funds necessary to pay off the bonds when they come due.

Wyoming Mining Corporation Makes Regular Monetary Deposits That Will Accumulate