Multiple Choice
Which of the following statements is false?
A) Capital leases are not commonly reported in a Capital Projects Fund.
B) A governmental entity may report a Capital Project Fund in one year but not the next.
C) Budgetary entries are commonly made in a Capital Projects Fund.
D) Debt service payments on capital-related debt are paid from a Capital Projects Fund.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which of the following should not be
Q15: Government A secured a $400,000 short-term
Q16: Assume a Capital Projects Fund of Henry
Q17: Which of the following should not be
Q18: On October 1, the county issued a
Q20: Bond anticipation notes are<br>A) Always
Q21: The external financial statements for the Capital
Q22: If a government earns and collects interest
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Q24: Arbitrage is:<br>A) a means of settling