Question: QUESTION THREE: (8 points) (Explain how we would account for a sinking fund in both the capital projects and debt service funds where each year

QUESTION THREE: (8 points) (Explain how we would account for a

QUESTION THREE: (8 points) (Explain how we would account for a sinking fund in both the capital projects and debt service funds where each year we set aside a portion of the outstanding principal of the note. Also explain how this would impact the government-wide statements. Would your answer be the same if we are not required to make these sinking fund payments

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