The City Is Installing Curbs and Sidewalks in a Subdivision

question 46

Multiple Choice

The city is installing curbs and sidewalks in a subdivision as part of a special assessment capital improvement project. The capital improvements are being financed by an $800,000 eight year, 10%, special assessment note payable. The note and interest are to be repaid from special assessments levied against the property owners of the subdivision. The total amount of special assessments of $840,000 was levied in the current year and will be collected evenly over eight years beginning next year. The government should report Capital Projects Fund revenues for the current year equal to

• A) $0.
• B) $105,000.
• C) $800,000.
• D) $840,000.

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Definitions:

Incongruent Self-Concept

A state where there is a mismatch between an individual’s self-image and reality, often leading to confusion, frustration, and psychological distress.

Conditional Love

Affection and regard that are dependent on meeting certain conditions or expectations set by the giver.

Parental Affection

The warm, nurturing behavior parents show toward their children, essential for child development and emotional bonding.

Need For Affection

A psychological requirement of humans to feel wanted, cherished, or loved by others.