The Accounting Equation Applied by State and Local Governments Is

question 35

Multiple Choice

The accounting equation applied by state and local governments is

• A)Assets + deferred inflows of resources - liabilities = fund balance
• B)Assets + deferred outflows of resources - liabilities - deferred inflows of resources = fund balance
• C)Assets + deferred inflows of resources = liabilities + deferred outflows of resources + fund balance
• D)Assets - deferred outflows of resources - liabilities + deferred inflows of resources = fund balance

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Definitions:

Population Proportion

The fraction of individuals in a population who have a particular characteristic.

Confidence Intervals

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

Point Estimates

Statistical measures that provide the best single estimation of an unknown population parameter.