On the Statement of Revenues,expenditures,and Changes in Fund Balance for a Capital

question 9

Multiple Choice

On the statement of revenues,expenditures,and changes in fund balance for a capital projects fund,proceeds of general obligation bonds should be reported:

• A)in the revenue section of the statement.
• B)as a direct addition to the beginning balance of unreserved fund balance.
• C)in the other financing sources (uses)section of the statement.
• D)as a subtraction from construction expenditures.

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Definitions:

Self-actualization

Fulfilling or actualizing one’s skills and potential, regarded as an innate urge or requirement in each individual.

Unconscious Implicit Learning

The process of acquiring knowledge and skills without conscious awareness.

False Consensus Effect

The bias to overestimate the extent to which others share our beliefs, attitudes, or behaviors.

Personal Growth

The process of developing self-awareness, building personal skills, and working towards potential through personal development activities.