Impact fees charged to real estate developers are recorded in an enterprise fund as capital contributions, a nominal account that will increase Net Position, but is reported separately in the statement of Revenues, Expenses and Changes in Fund Net Position.
Answer the following statement true (T) or false (F)
True
The journal entry is a debit to cash and credit to Capital Contributions. Capital Contributions is a nominal account that will increase Net Position and is reported separately in the Statement of Revenues, expenses and Changes in Fund Net Position.
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A financial analyst is comparing two companies. Which of the following would cause major problems in the evaluation process?
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Indicate whether the statement is true or false
The interactive components of a video kiosk can be similar to that of the Web
Indicate whether the statement is true or false
Which sentence uses apostrophes correctly?
A) ?The Bushes' new SUV includes enough storage for the kids' toys and both parents' golf clubs. B) ?The Bush'es new SUV includes enough storage for the kids toys and both parent's golf clubs. C) The Bushes new SUV includes enough storage for the kids' toys and both parents' golf clubs.