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Author Question: Expenditures are defined as A. Costs expired. B. Uses of current financial resources. C. ... (Read 80 times)

HudsonKB16

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on: Jul 5, 2018
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.


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Zebsrer

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

C


HudsonKB16

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

at

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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