With respect to Capital Projects Funds, which of the following is correct?
A. Capital assets appear in both the government-wide and the fund basis financial statements.
B. Neither these funds commonly account for resources provided by long-term debt issues or dedicated taxes; or Capital assets appear in both the government-wide and the fund basis financial statements is correct.
C. These funds commonly account for resources provided by long-term debt issues or dedicated taxes.
D. These funds commonly account for resources provided by long-term debt issues or dedicated taxes; and Capital assets appear in both the government-wide and the fund basis financial statements.
Answer: C
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