The City Is Installing Curbs and Sidewalks in a Subdivision

question 13

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 issued for cash at the Last National Bank at the beginning of the project earlier this year. 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 city spent $600,000 to install curbs and sidewalks during the year. For the year, the city should report what change in fund balance for the Capital Projects Fund?

• A) $(600,000).
• B) $200,000.
• C) $240,000.
• D) $840,000.

---

Definitions:

Cultural Context

The various social, religious, economic, and cultural factors that influence the way individuals perceive and interact with the world around them.

Nonverbal Cues

Forms of communication without words, such as gestures, facial expressions, and body language.

Environmental Cues

Triggers or stimuli in one's environment that influence behavior and responses, often studied in psychology and behavioral sciences.

High Context

A communication paradigm where most of the information is either in the physical context or internalized in the person, requiring less explicit verbal information for effective communication.