The city pays $4 million to a contractor for work on a new bridge. a) Special Revenue Fund b) Capital Projects Fund c) General F

Question

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The city pays $4 million to a contractor for work on a new bridge. a) Special Revenue Fund b) Capital Projects Fund c) General F

und d) Special Revenue Fund

Business

1 answer:

vivado [14] · Answer 1 · 2022-08-12T07:43:45+03:00

Answer:

The correct answer is letter "B": Capital Projects.

Explanation:

Capital Projects are long-term investments that aim to build, expand or improve an asset. Capital projects usually refer to investments on buildings, machinery, and factories. Management and resource allocation is complex in capital projects because of the time the project lasts and the amount of investment necessary to complete it.