Expenditures are defined as A. Costs expired. B. Uses of ...

[HudsonKB16]

Expenditures are defined as
 
  A. Costs expired.
  B. Uses of current financial resources.
  C. Decreases in net financial resources.
  D. Changes in liabilities and deferred inflows.

Question 2

Which of the following is a distinguishing feature of a budget for a Capital Projects Fund?
 
  A. The budget is usually for a single year.
  B. A budget is not used for projects for which contracts will be issued.
  C. The budget is usually for the term (life) of the project.
  D. Since a Capital Projects Fund usually just spends money, there is no reason for revenue or other financing sources to be part of the budget.

[Zebsrer]

Answer to Question 1

C

Answer to Question 2

C

[HudsonKB16]

YES! Correct, THANKS for helping me on my review

[mcarey591]

Thanks for the timely response, appreciate it