A capital projects fund might be used to record which of the following activities? a. Building...
A capital projects fund might be used to record which of the following activities?
a. Building an addition to the city hall building
b. Maintaining roads and bridges
c. Operating a municipal golf course
d. Paying the principal and interest on debt incurred to build a municipal swimming pool
Homework Answers
Answer: (a)Building an addition to the city hall building.
Explanation: Capital Projects are related to Fixed Assets or long term assets. And capital project fund will be used in that activities which are related to Purchase of Fixed Assets or Construction of Fixed Assets or capital Assets. In the given question capital project fund should be used in Building an addition to the city hall building, because it is related to Fixed Assets building.
Thus the correct option is (a) Capital Project Fund might be used in Building an addition to the city hall building.
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