Multiple Choice
Regarding capital projects funds, which of the following is correct?
A) Capital projects funds exist only for the duration of the project for which it is created.
B) Expenditures are recorded as temporary assets until the project is completed
C) Capital projects funds use accrual accounting
D) Monies received from the general fund are recorded as revenues in the capital projects funds.
Correct Answer:
Verified
Correct Answer:
Verified
Q118: Write yes or no in each
Q119: The residual classification for governmental fund balances
Q120: An encumbrance in a capital project fund
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Q125: If a trust is to be used
Q126: A non-expendable trust which benefits a government
Q127: Regarding Capital Projects Funds, which of the
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