CH 06 questions and answers ellaborated 2023
CH 06Governmental-type Fund uses ____ financial resources measurement which requires f______ assets and n_____ liabilities. Long-lived assets such as ______ assets and ______ debt are not included. current financial near-term capital long-term Govt-type Fund uses ______ accrual basis of accounting. Revenues recognized when the revenue recognition criteria met, and when the revenues resources are both ______ and ________. Expenditures recognized when liability ______. Modified measurable / available incurred Capital Projects Funds used to account for financial resources ______ or otherwise 要不然 ______ on spending for capital outlays. Required to use CPF if capital outlays financed from _____ ______ bond proceeds. restricted / limited general obligation Capital Projects Funds used to account for _____ or _______ of major capital assets other than those financed by proprietary and trust funds. Example of CPFs are b_____, b____, r_____, and certain other capital assets. the acquisition of the buses and fire trucks are often accounted for in the _____ Fund or a _______ Fund. acquisition / construction Buildings / bridges / roads
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