Which of the Following Statements About Special Assessments Is Correct

Multiple Choice

Which of the following statements about Special Assessments is correct?

A) They're accounted for only in the General Fund or a special revenue fund.
B) They can only raise taxes for funding the projects.
C) Construction type special assessment projects can only account for short term projects to be considered special assessment.
D) Accounting for construction type special assessments depends on the existence of any contingent liability on the part of the government.