Utilizing Serial Bonds to Raise Long Term Resources Is Preferred

question 54

Multiple Choice

Utilizing serial bonds to raise long term resources is preferred in debt service funds because:

• A)​the face value becomes due at one time at a more distant maturity date.
• B)​serial bonds do not require a substantial accumulation of money in a sinking fund.
• C)​it assists in the budgeting process.
• D)the primary function is to account for fixed asset acquisitions.​

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Definitions:

Modifiers

Keywords in programming languages that adjust the properties of data structures, methods, and variables, such as access levels and behavior.

Override

A feature in object-oriented programming that allows a subclass or child class to provide a specific implementation of a method that is already provided by one of its superclasses or parent classes.

Default Definition

The initial or fallback definition provided by a programming language or system when no specific customization is provided.

ToString

The ToString method is a function in many programming languages used to convert an object into its string representation.