What is a bond sinking fund investment? An investment that is decreasing in value A liability An
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Question:
What is a bond sinking fund investment?
An investment that is decreasing in value
A liability
An asset
Part of Bonds Payable (contra account)
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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