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 81 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
Great answer, keep it coming :)

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
Eco-Development Projects Eco-Development Projects
Natural Capital versus GDP per Capita Natural Capital versus GDP per Capita
GDP and Capital per Worker, 2009 GDP and Capital per Worker, 2009
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library