During the Year, Dakota University's Board of Trustees Established a $500,000

question 9

Multiple Choice

During the year, Dakota University's board of trustees established a $500,000 fund to be retained and invested for scholarship grants.The fund earned $30,000, which had not been distributed by December 31.What amount should Dakota report in a board-designated (quasi) endowment fund's net position at December 31?

• A)$0
• B)$30,000
• C)$500,000
• D)$530,000

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Definitions:

Variance

A statistical measure of the dispersion showing how much a set of observations differ from each other.

Effect Size

A quantitative measure of the magnitude of the difference between groups or the strength of a relationship between variables, often used in research to assess the practical significance of findings.

Independent Samples

Two or more groups of observations that are collected such that the results from one group do not influence the results from another group.

Multiple Times

Refers to conducting or repeating a process or measurement on several occasions to ensure accuracy or reliability.