Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report
a. Capital leases are not commonly reported in a Capital Projects Fund.
b. A governmental entity may report a Capital Project Fund in one year but not the next.
c. Budgetary entries are commonly made in a Capital Projects Fund.
d. Debt service payments on capital-related debt are paid from a Capital Projects Fund.
e. All of the above statements are false statements.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
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