Capital Projects funds recognize expenses, but not encumbrances.
Correct Answer:
Verified
Q7: All of the governmental funds except permanent
Q8: Unexpended intergovernmental grants and taxes dedicated to
Q9: Positive fund balances of capital projects funds
Q10: Unexpended resources transferred to the debt service
Q11: Unexpended intergovernmental grants and taxes dedicated to
Q13: Any governmental fund may have a positive
Q14: Unmatured principal installments and accrued interest which
Q15: The principal of permanent funds is classified
Q16: Fund balances of debt service funds are
Q17: Because debt service and permanent funds use
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