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  3. Study Set
    Essentials of Accounting Study Set 3
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    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
  5. Question
    If a Sinking Fund Is Required by Creditors or Law
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If a Sinking Fund Is Required by Creditors or Law

Question 136

Question 136

True/False

If a sinking fund is required by creditors or law, the unexpended resources would be classified as Restricted Fund Balance.

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