Impact Fees Charged to Real Estate Developers Are Recorded in an Enterprise

question 41

True/False

Impact fees charged to real estate developers are recorded in an enterprise fund as capital contributions,a nominal account that will increase Net Assets,but is reported separately in the statement of Revenues,Expenses and Changes in Fund Net Assets.

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Definitions:

Semantic Level

Pertaining to the meaning of words and language, especially the relationship between signifiers and what they signify or represent.

Case Markers

Grammatical markers that indicate the role of a noun, pronoun, or adjective in a sentence, such as subject, object, or possessive.

Semantic Role

The part that each phrase plays in the “who did what to whom” drama described by a sentence. One word takes the role of being the cause of the action, another, its effect, and so on.

Predicate

The part of a sentence or clause containing a verb and stating something about the subject (e.g., 'ran' in 'the dog ran').