Expenditures in a governmental (expendable) fund would not potentially include A. Salaries and wages. B. Capital outlay.

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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.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Aug 07, 2022 06:44 AM

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Expenditures in a governmental (expendable) fund would not potentially include A. Salaries and wages. B. Capital outlay.

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Expert Answer:

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

Income Tax Fundamentals 2013

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