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Capital Projects Funds Generally Do Not Use the Encumbrances Control

question 37

True/False

Capital projects funds generally do not use the Encumbrances Control account.


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Five-Year Terms

Fixed periods of five years that are often applied to political offices, employment contracts, or agreements.

Securities And Exchange Commission

A U.S. federal agency that supervises and regulates the securities market to protect investors.

Sarbanes-Oxley Act

A law passed in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.

Public Company Accounting Oversight Board

A nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.

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