Multiple Choice
A capital projects fund classified under governmental funds…
A) Accounts for resources that are legally restricted so only earnings, not principal, may be expended, and for purposes to benefit the government and its citizenry.
B) Accounts for most of the basic services provided by the governmental unit.
C) Accounts for and reports financial resources that are restricted, committed, or assigned to expenditure for capital projects
D) Accounts for services provided by one department of a government to another
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Governmental-type activities fund statements must use accrual
Q2: Which of the following funds is not
Q3: Financial reports for state and local governments
Q5: FASAB, GASB and FASB standards are set
Q6: Contrast the economic resources measurement focus and
Q7: General fixed assets of the government are
Q8: Which of the following is not one
Q9: The _ Fund accounts for and reports
Q10: A city government makes its semiannual payment
Q11: Which of the following is not an