Which of the following activities or transactions would normally not be accounted for in a capital projects fund?
A) Construction of a new city jail.
B) Construction of airport runways financed by revenue bonds and to be repaid from the revenues of the city airport, an enterprise fund.
C) Lease of a building to be used as a city office building.
D) Construction of a new city park to be maintained primarily from General Fund revenues.
Correct Answer:
Verified
Q47: Which of the following is True regarding
Q48: Equipment that had been acquired several years
Q49: A city recorded an asset impairment to
Q50: The following balances are included in the
Q51: A capital projects fund might be used
Q53: In 2020, Sunrise City signed a contract
Q54: To offset engineering and design costs incurred
Q55: A government enters into a lease agreement
Q56: The following general capital assets were owned
Q57: How should a lease for a general
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents