Impact Fees Imposed on Commercial Developers by an Enterprise Fund

question 40

Multiple Choice

Impact fees imposed on commercial developers by an enterprise fund and not associated with specific projects or improvements are recorded as:

• A) Transfers from the enterprise fund to a capital projects fund.
• B) Operating revenues to the enterprise fund.
• C) Unearned revenue to the enterprise fund.
• D) Capital contributions to the enterprise fund.

---

Definitions:

Dividends in Arrears

Dividends on preferred stock that have been declared but not yet paid to shareholders.

Nonparticipating

Typically refers to insurance policies or preferred stock where the holders do not have the right to share in certain dividends beyond the specified rate or in the surplus assets.

Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Paid-In Capital

Funds raised by a company from investors through the issuance of stock, excluding any amounts derived from retained earnings.