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

question 129

Multiple Choice

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.

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Definitions:

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.

Measuring Instrument

A tool or device used to assess, quantify, or evaluate specific variables or phenomena, often used in research and experimental studies.

Valid

Logically sound, well-grounded, or acceptable according to the rules of a specific context or criteria.

Meta-Analysis

A statistical technique that combines the results of multiple scientific studies to arrive at a conclusion.