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The bond indenture may provide that funds for the payment of bonds at maturity be accumulated over the life of the issue. The amounts set aside are kept separate from other assets in a special fund called a(n) 1. sinking fund 2. general fund 3. enterprise fund 4. special assessments fund
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The bond indenture may provide that funds for the payment of bonds at maturity
be accumulated over the life of the issue. The amounts set aside are kept
separate from other assets in a...