Multiple Choice
Which of the following is/are true regarding Capital Projects Funds?
A) A major source of funding for capital projects funds is the issuance of long-term debt.
B) Capital project funds only exist for the duration of the project for which it is created.
C) Capital Project funds use the Modified Accrual Basis of Accounting.
D) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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