Chapter 7, Problem 16.3EP

Under GASB standards, the City of Parkview is required to use an enterprise fund to account for its nature center if

1. a.      It charges fees to assist in paying for the maintenance of the nature center.
2. b.      The nature center was originally financed through the issuance of general obligation bonds.
3. c.       The ordinance that was passed to establish the nature center requires that all costs of the nature center be paid for by user fees.
4. d.      All of the above are true.