Which of the Following Is Not a Characteristic of the General

question 38

Multiple Choice

Which of the following is not a characteristic of the General Fund?

• A) Is used to account for all financial resources that are not restricted, committed, or assigned to a specific purpose and consequently accounted for in another fund.
• B) Is used by all governments that report governmental fund activities.
• C) Requires a combining statement at year end for governments that have more than one General Fund.
• D) Is established at inception of a government and exists throughout its life.

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Definitions:

Directional Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between variables.

T Statistic Value

A value derived from a T-test used to determine if there is a significant difference between the means of two groups.

Degrees Of Freedom

The number of independent values or quantities that can vary in the analysis without breaking any constraints.

Obtained Value

The actual value measured or calculated from a statistical test, which is compared against the critical value to draw conclusions.