The Citizens of a Specific Area of the City of Arlington

question 61

Multiple Choice

The citizens of a specific area of the City of Arlington approved the construction of sidewalks in their residential neighborhood and approved a $1 million bond issue to finance construction of those sidewalks. The citizens agreed to a special assessment on their property for 20 years in an amount sufficient to pay principal and interest on the bonds. The city will oversee the construction of the sidewalks and act as agent for servicing the debt. If the special assessment is not sufficient to make the principal and interest payments, the city will assume the obligations.
-The proceeds of the bond issue should be recorded in which fund of the City of Arlington?

• A) Agency fund.
• B) Special assessment fund.
• C) Capital projects fund.
• D) Debt service fund.

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Definitions:

Displacement

In psychology, a defense mechanism where an individual shifts negative feelings from their original source to a less threatening recipient.

Repression

A defense mechanism where distressing thoughts and memories are unconsciously kept out of conscious awareness.

Projection

A defense mechanism where individuals attribute their own undesirable thoughts, feelings, or motives onto someone else.

Defence Mechanism

Psychological strategies brought into play by individuals to protect themselves from unacceptable thoughts or feelings.