Which of the Following Is/are True Regarding Capital Projects Funds

question 142

Multiple Choice

Which of the following is/are true regarding Capital Projects Funds?

• A) A major source of funding for capital projects funds is the issuance of long-term debt.
• B) Capital project funds only exist for the duration of the project for which it is created.
• C) Capital Project funds use the Modified Accrual Basis of Accounting.
• D) All of the above are true.

---

Definitions:

Enzymes

Biological molecules that act as catalysts, speeding up chemical reactions in living organisms without being consumed in the process.

Enzyme

Biomolecules that act as catalysts, speeding up specific biochemical reactions in the body without being consumed in the process.

Protein Catalyst

Enzymes that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Chemical Reaction

A process that involves rearrangement of the molecular or ionic structure of substances, not involving a change in physical state.