Author Question: Which of the following is not usually a requirement of a Debt Service Fund (DSF) for a term bond ... (Read 64 times)

DyllonKazuo · **on:** Jul 5, 2018

Which of the following is not usually a requirement of a Debt Service Fund (DSF) for a term bond issue?

A. The DSF should be used to accumulate the necessary funds to pay the term bonds when they come due.
B. The DSF makes period interest payment on the debt during its life.
C. The DSF will have funded reserves as required by the debt covenant.
D. A DSF that services a term bond issue has no requirements that distinguish it from a DSF that services serial bonds.

Question 2

On the income statement, miscellaneous expenses are usually presented as the last item without regard to the dollar amount.
a. True
b. False

Indicate whether the statement is true or false