Which of the Following Is Not True for Capital Projects

question 28

Multiple Choice

Which of the following is not true for capital projects funds?

• A)Capital projects funds use a Construction Work in Progress account to record costs until the project is completed.
• B)Encumbrance accounting is generally used.
• C)Cash or receivables from special assessments to finance construction projects should be recorded as assets of capital projects funds.
• D)Capital projects funds may account for financial resources provided by federal grants as well as for bond proceeds.

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The subjective, qualitative experience of awareness and perception that can include thoughts, sensations, and emotions.

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