Revenues and expenses should be recorded in the same period to ...

[Coya19@aol.com]

Revenues and expenses should be recorded in the same period to which they relate.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The city's Capital Projects Fund had an excess of expenditures over revenues for the current year. Which of the following explanations for the excess isnot plausible?
 
  A. The city financed a substantial portion of the project in the previous year.
  B. The city financed a significant portion of the project by issuing long-term bonds during the year
  C. The city financed a significant portion of the project from transfers from the General Fund.
  D. All of the above are plausible explanations.

[Rilsmarie951]

Answer to Question 1

True

Answer to Question 2

D

[Coya19@aol.com]

Thank you

[Rilsmarie951]

Happy to help you