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minty_icy minty_icy
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5 years ago
All of the following are true with respect to sinking funds except:
A) A sinking fund is a cash fund that is restricted for retiring the debt of a company.
B) A sinking fund may be handled by a trustee or by the individual company.
C) A sinking fund may make the investment more attractive to investors.
D) Once the sinking fund is established, the company has no more responsibility to the debt.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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IvanaVRIvanaVR
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5 years ago
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