Expenditures of capital projects funds are reported in the capital outlay character classification in the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances.
Answer the following statement true (T) or false (F)
True
In the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances, expenditures of capital projects funds are reported in the capital outlay character classification.
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What will be an ideal response?
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Indicate whether the statement is true or false
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