Question: 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

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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