Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

GFOA Exam CPFO Topic 7 Question 99 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 99
Topic #: 7
[All CPFO Questions]

Bond proceeds funds capital assets (Known as fixed assets) that typically have useful lives of at least five or six years. These assets include:

Show Suggested Answer Hide Answer
Suggested Answer: C

by Dierdre at Sep 18, 2024, 11:55 AM

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Sherita
1 months ago
I wonder if they accept 'Bond, James Bond' as a valid answer? Those secret agent gadgets could be considered capital assets, right?
upvoted 0 times
Hassie
3 days ago
A) Utility lines
upvoted 0 times
...
Lezlie
20 days ago
A) Utility lines
upvoted 0 times
...
...
Daniel
1 months ago
Definitely D. Utility lines, utility plant construction, and recreational facilities all sound like the kind of long-term investments you'd use bond proceeds for. Easy peasy!
upvoted 0 times
...
Tula
1 months ago
Ha, I bet the test writer is really trying to trick us with that recreational facilities option. But nope, I'm going with D - can't go wrong with 'all of the above'!
upvoted 0 times
Whitney
15 days ago
User 2: Whitney is right, but I'm going with D - 'all of the above'.
upvoted 0 times
...
Tomas
28 days ago
User 1: I think they're trying to trick us with that recreational facilities option.
upvoted 0 times
...
...
Alfred
2 months ago
I'm not sure, but I think it makes sense that bond proceeds would fund assets with long useful lives like utility lines and recreational facilities.
upvoted 0 times
...
Theodora
2 months ago
I agree with Carylon, because all of these assets have useful lives of at least five or six years.
upvoted 0 times
...
Carylon
2 months ago
I think the answer is D) All of these.
upvoted 0 times
...
Teri
2 months ago
Hmm, I was a little unsure about recreational facilities, but I guess they do count as long-term capital assets. Good to know!
upvoted 0 times
Martin
C) Recreational facilities
upvoted 0 times
...
Octavio
6 days ago
B) Utility plant construction
upvoted 0 times
...
Ocie
1 months ago
A) Utility lines
upvoted 0 times
...
...
Tawanna
2 months ago
I think the correct answer is D. All of these options are capital assets that can be funded by bond proceeds.
upvoted 0 times
...

Save Cancel