Capital Projects,debt service and permanent funds do not typically record budgets.
Correct Answer:
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Q3: Net assets represented by supplies and prepaid
Q8: Unexpended intergovernmental grants and taxes dedicated to
Q10: Unexpended resources transferred to the debt service
Q12: Governmental funds recognize encumbrances and expenditures,not expenses.
Q13: If a sinking fund is required by
Q14: Unmatured principal installments and accrued interest which
Q14: Special assessments are levied to finance long-term
Q17: Debt service funds may accrue interest and
Q18: All of the governmental funds use the
Q21: When bonds are sold to construct a
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