In Proprietary Fund Accounting,which of the Following Statements Are True

question 11

Multiple Choice

In Proprietary Fund accounting,which of the following statements are true?

• A)materials and supplies are recognized as expenditures when purchased
• B)materials and supplies are recognized as expenses when consumed
• C)capital assets are considered as expenditures when they are acquired
• D)capital assets are not recorded in proprietary funds

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Definitions:

Positive Cries

Emotional expressions through crying that are not rooted in distress but can signify joy, relief, or a deep emotional release.

Cooing

Soft, gentle sounds made by babies in the early stages of vocal development.

Babbling

A stage in child language acquisition where infants produce sounds before they learn to speak actual words, often combining consonants and vowels like "baba" or "gaga".

Cooing

The early vocalization of infants that consists of soft, throaty noises, often made in response to social interaction.