Proceeds of Debt Issued for the Construction or Acquisition of Capital

question 61

True/False

Proceeds of debt issued for the construction or acquisition of capital assets are recognized by the capital projects fund as "other financing sources" and as a liability in the governmental activities journal.

---

Definitions:

Pettigrew

Thomas F. Pettigrew is a social psychologist known for his research on racism, intergroup contact theory, and social identity.

Recreational

Activities or experiences engaged in for pleasure, relaxation, or leisure.

Work

An activity involving mental or physical effort done in order to achieve a purpose or result, often as part of a job or profession.

Social Identity Theory

A psychological theory proposing that individuals’ sense of self is based on their membership in social groups, influencing their behaviors and attitudes.