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Which of the Following Groups of Accounts Best Describes the Types

Question 7

Multiple Choice

Which of the following groups of accounts best describes the types of assets and liabilities likely to be found in Capital Projects Funds?


A) cash,investments,construction contract payable,matured bonds payable
B) cash,buildings,equipment,construction contracts payable
C) cash,investments,construction contracts payable,vouchers payable,long-term debt payable
D) cash,investments,retainage payable,vouchers payable

Correct Answer:

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