Impact Fees Imposed on Commercial Developers by an Enterprise Fund

question 94

Multiple Choice

Impact fees imposed on commercial developers by an enterprise fund and GASB requires enterprise associated with specific projects or improvements are recorded as:

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

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Definitions:

Concrete Operational

A phase in Piaget’s cognitive development theory when children develop the capability to logically process information about tangible occurrences.

Logical Thinking

The process of reasoning consistently and drawing conclusions based on a systematic analysis of information.

Preoperational

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking and egocentrism.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others and to understand that others have beliefs, desires, and intentions that are different from one's own.