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 51 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
YES! Correct, THANKS for helping me on my review

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Natural Capital Natural Capital
Open, or compound The fracture projects through the skin and there is a possibility of infection or Open, or compound The fracture projects through the skin and there is a possibility of infection or
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
GDP and Capital per Worker, 2009 GDP and Capital per Worker, 2009
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Hank Wilkins invested $4200 in a mutual fund containing bonds. Hank Wilkins invested $4200 in a mutual fund containing bonds.
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library