A Developer Agreed to Pay for Water and Wastewater Infrastructure

question 37

Multiple Choice

A developer agreed to pay for water and wastewater infrastructure associated with one of his development projects. Once the work is completed and the new lines are connected, they will become part of the city's Enterprise Fund capital assets. The entry that should be recorded by the Enterprise Fund when the project is complete would be

• A) A debit to capital assets and a credit to net investment in capital assets.
• B) A debit to capital assets and a credit to capital contribution.
• C) A debit to capital assets and a credit to transfer in.
• D) A debit to capital assets and a credit to nonoperating revenues.

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