Incurring construction costs on a major general government capital project would .a Increase capital assets in the General .Fund .b Increase capital assets in a Capital .Projects Fund .C Decrease cash in the General Capital .Assets accounts .d Decrease fund balance in a Capital .Projects Fund

Incurring construction costs on a major general government capital project would .a Increase capital assets in the General .Fund .b Increase capital assets in a Capital .Projects Fund .C Decrease cash in the General Capital .Assets accounts .d Decrease fund balance in a Capital .Projects Fund

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Incurring construction costs on a major
general government capital project would
.a
Increase capital assets in the General
.Fund
.b
Increase capital assets in a Capital
.Projects Fund
.C
Decrease cash in the General Capital
.Assets accounts
.d
Decrease fund balance in a Capital
.Projects Fund

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