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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:

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Suggested Answer: C

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

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Sherita
3 months ago
I wonder if they accept 'Bond, James Bond' as a valid answer? Those secret agent gadgets could be considered capital assets, right?
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Tayna
30 days ago
D) All of these
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Tawanna
1 months ago
C) Recreational facilities
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Johnetta
1 months ago
D) All of these
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Elke
1 months ago
B) Utility plant construction
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Ming
1 months ago
C) Recreational facilities
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Benedict
1 months ago
B) Utility plant construction
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Hassie
2 months ago
A) Utility lines
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Lezlie
2 months ago
A) Utility lines
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Daniel
3 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!
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Tula
3 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'!
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Carin
30 days ago
User 4: Agreed, D it is.
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Nadine
1 months ago
User 3: Yeah, D seems like the safest choice here.
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Whitney
2 months ago
User 2: Whitney is right, but I'm going with D - 'all of the above'.
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Tomas
2 months ago
User 1: I think they're trying to trick us with that recreational facilities option.
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Alfred
3 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.
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Theodora
3 months ago
I agree with Carylon, because all of these assets have useful lives of at least five or six years.
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Carylon
3 months ago
I think the answer is D) All of these.
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Teri
3 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!
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Kerrie
1 months ago
D) All of these
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Martin
2 months ago
C) Recreational facilities
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Octavio
2 months ago
B) Utility plant construction
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Ocie
3 months ago
A) Utility lines
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Tawanna
3 months ago
I think the correct answer is D. All of these options are capital assets that can be funded by bond proceeds.
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