In What Circumstance Is a Capital Projects Fund Required to Be

question 14

Multiple Choice

In what circumstance is a Capital Projects Fund required to be used in governmental accounting?

• A)to record the acquisition or construction of all capital assets
• B)to record the acquisition or construction of any capital asset that is not recorded in an Enterprise Fund
• C)when capital projects are at least partially financed by general obligation bond proceeds
• D)to record the acquisition or construction of all major capital assets,except infrastructure assets

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Definitions:

Time Competence

The ability to live in the present while utilizing past experiences and considering future consequences in decision-making.

Shostrom's Inventory

Shostrom's Inventory is likely a reference to a psychological assessment or inventory developed by Everett L. Shostrom, potentially in the areas of personal orientation or therapeutic outcomes.

Origins

The point or place where something begins, arises, or is derived; often used in reference to the beginning of the universe, life, or specific theories and ideas.

Noncontrol

A state or situation where there is no control or regulation.