The $\textbf{ one-worksheet }$

question 27

Short Answer

The $\textbf{ one-worksheet }$ conversion adjustment to reflect debt service payments of $85,000 ($55,000 principal; $30,000 interest) by a governmental fund would be $\begin{array}{llr}&&\text { Debit }&\text {Credit }\\ \text {A. } & \text { Debt Service Expense } &\$85,000\\ &\text { Net Position} &&\$85,000\\\\ \text { B. } & \text {Bonds Payable } &\$55,000\\ &\text { Cash } &&\$55,000\\\\ \text { C. } & \text { Bonds Payable }&\$55,000\\ &\text { Debt Service Expenditures - Principal } &&\$55,000\\ \\ \text {D. } & \text { Bonds Payable} &\$85,000\\ &\text { Debt Service Expenditures - Principal } &&\$85,000\\\end{array}$

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Definitions:

Standard Deviation

An indicator of the degree of variation or spread among a collection of numbers.

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Monthly Incomes

The total amount of income or earnings received during a typical month, often used in financial and socioeconomic studies.

Variances

Measures of the dispersion, indicating how spread out the data points are around the mean.