A Capital Projects Fund Might Be Used to Account for Which

question 51

Multiple Choice

A capital projects fund might be used to account for which of the following activities?

• A) Maintaining sidewalks.
• B) Building a parking garage.
• C) Providing water and sewer services.
• D) Servicing long-term debt.

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Definitions:

Hunting Cabin

A small, often rustic dwelling used as a base by hunters during hunting season.

Deposit

A deposit is a sum of money placed in a bank account or paid as an assurance for the fulfillment of a contract, which may be refundable under certain conditions.

Power of Attorney

A legal document authorizing one person to act on another's behalf in legal matters or decisions.

Seal

Historically, a device or substance used to stamp or mark documents, implying authenticity and intention to be legally bound.