The Federal Housing Act of 1937 Provided for the Construction

question 118

Multiple Choice

The Federal Housing Act of 1937 provided for the construction of __________.

• A)shopping centers
• B)office buildings
• C)housing projects
• D)government facilities

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Definitions:

Capital Assets

Long-term assets that a business uses in its operations and that are not intended for resale, such as property, plant, and equipment.

Deferral Method

An accounting practice that involves postponing the recognition of revenue or expenses until a future date.

Restricted Fund Method

An accounting practice for nonprofit organizations, segregating funds according to restrictions imposed by donors.

Deferral Method

A method of accounting that allows for income or expenses to be recognized at a later date rather than when they are initially incurred.