Which of the following governmental fund expenditures would not be considered a current operating expenditure?

Question

Quizplus · Accepted Answer

Capital outlay refers to expenditures related to acquiring, upgrading or constructing capital assets such as buildings, equipment, and infrastructure. These expenditures are not considered current operating expenses because they result in long-term benefits to the government, unlike rent, salaries and wages, and employee benefits which are regular expenses incurred in the day-to-day operations of a government.

Which of the Following Governmental Fund Expenditures Would Not Be