Which of the Following Is True with Respect to Long-Term

Which of the following is true with respect to long-term debt?

A) Term bonds mature in equal installments over the term of the bond.
B) If a sinking fund is required by creditor or law, the unexpended resources of its debt service fund would be classified as assigned.
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) If bonds supporting a capital project are issued at a premium, typically the premium may be used on capital expenditures.