Which of the Following Statements About Capital Projects Funds Is

Multiple Choice

Which of the following statements about capital projects funds is true?

A) The assets of a capital projects fund include both financial and capital assets
B) All fixed assets acquired by a government are paid for from a capital projects fund
C) A capital projects fund accounts for resources that are restricted or otherwise limited to spending for capital outlays
D) When capital assets are financed through the issuance of long-term debt,that long-term debt is accounted for in a capital projects fund.