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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Q21: GASB requires the indirect method to determine
Q23: Proprietary funds are required to have a
Q26: Long term liabilities of an enterprise fund
Q26: GASB requires that the reconciliation of income
Q27: Proprietary funds use the economic resources measurement
Q29: Fund-basis financial statements prepared for proprietary funds
Q30: The Proprietary Fund Statement of Revenues,Expenses,and Changes
Q32: Proprietary funds record capital assets,depreciation on those
Q35: An Enterprise Fund has an indefinite life.
Q37: When estimating uncollectible accounts, an enterprise fund
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