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:

AUtility lines

BUtility plant construction

CRecreational facilities

DAll of these

Show Suggested Answer

Suggested Answer: C

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

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Tula

6 days 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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Alfred

10 days 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

12 days 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

13 days ago

I think the answer is D) All of these.

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Teri

17 days 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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Tawanna

18 days 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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