Question: Expenditures in a governmental (expendable) fund would not potentially include A. Salaries and wages. B. Capital outlay. C. Long-term debt principal retirement. D. Depreciation.

Expenditures in a governmental (expendable) fund would not potentially include

A. Salaries and wages.

B. Capital outlay.

C. Long-term debt principal retirement.

D. Depreciation.

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ANSWER B Capital outlay Capital Outlay is the outlay of the companys cash either for the purpose of ... View full answer

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