Which of the Following Is True Regarding Capital Projects Funds

question 14

Multiple Choice

Which of the following is true regarding capital projects funds?

• A) Capital projects funds are considered to be governmental funds.
• B) Capital projects funds use the economic resources measurement focus and accrual basis of accounting.
• C) Encumbrance accounting is not used.
• D) Fixed assets are depreciated in capital projects funds.

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Definitions:

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A neurodevelopmental disorder characterized by difficulty maintaining attention, impulsivity, and, in some cases, hyperactivity.

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