Regarding Capital Projects Funds, Which of the Following Is correct

question 123

Multiple Choice

Regarding capital projects funds, which of the following is correct?

• A) Capital projects funds exist only for the duration of the project for which it is created.
• B) Expenditures are recorded as temporary assets until the project is completed
• C) Capital projects funds use accrual accounting
• D) Monies received from the general fund are recorded as revenues in the capital projects funds.

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