Positive fund balances of capital projects funds are classified as nonspendable, restricted, committed, or assigned.
Correct Answer:
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Q4: Debt service funds should accrue interest and
Q5: The fund balance of permanent funds should
Q6: The portion of a permanent fund which
Q7: All of the governmental funds except permanent
Q8: Unexpended intergovernmental grants and taxes dedicated to
Q10: Unexpended resources transferred to the debt service
Q11: Unexpended intergovernmental grants and taxes dedicated to
Q12: Capital Projects funds recognize expenses, but not
Q13: Any governmental fund may have a positive
Q14: Unmatured principal installments and accrued interest which
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