This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: It is not possible for expenditures of the Capital Projects Fund to exceed revenues in a particular ... (Read 72 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
on: Jul 5, 2018
It is not possible for expenditures of the Capital Projects Fund to exceed revenues in a particular year.
 
  Indicate whether the statement is true or false

Question 2

To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 5, 2018
Answer to Question 1

False. Proceeds from bonds are a significant source of Capital Projects Fund resources. These resources are classified as other financing sources, not revenues. Therefore, the expenditures of Capital Projects Funds will often exceed the revenues. Also, Capital Projects Funds may have beginning fund balance, which can be used for expenditures during the year.

Answer to Question 2

True


shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jul 5, 2018
:D TYSM

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
Capital-Biased Technological Change Capital-Biased Technological Change
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library