Proceeds of Tax Supported Bonds Are Recognized in a Capital

question 29

Multiple Choice

Proceeds of tax supported bonds are recognized in a capital projects fund as a(an) :

• A) Revenue.
• B) Liability.
• C) Other Financing Use.
• D) Other Financing Source.

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Definitions:

Clear and Convincing

A standard of evidence requiring a high level of certainty to establish a fact in legal proceedings, higher than the preponderance of evidence but lower than beyond a reasonable doubt.

Beyond a Reasonable Doubt

The highest standard of proof required in a criminal case, indicating that there is no plausible reason to believe otherwise than the defendant is guilty.

Circuit Courts

Courts that have appellate jurisdiction and cover a particular geographical area in the United States, also hearing a wide range of civil and criminal cases at the federal level.

Federal Court System

The judicial branch of the United States government, consisting of various levels of courts including the Supreme Court, appellate, and district courts.