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QUESTION 15 Governmental funds recognize.... Expenses when the governmental unit uses goods or services. O Expenditures when the governmental unit incurs a liability for goods

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QUESTION 15 Governmental funds recognize.... Expenses when the governmental unit uses goods or services. O Expenditures when the governmental unit incurs a liability for goods or services. O Expenditures when the fund incurs a liability. o Expenses when the fund assets are consumed. QUESTION 16 Which of the following would not be classified as an expenditure? Salaries and wages. Depreciation O Capital outlay. o Debt service - principal and interest

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