In Which of the Following Circumstances Must an Enterprise Fund

question 66

Multiple Choice

In which of the following circumstances must an enterprise fund be used to account for the activity?

• A) A newly created electric utility fund will finance its operations by a charge to users based on kilowatt hours used.
• B) To finance the acquisition of plant facilities, a newly created electric utility issues general obligation debt.
• C) To finance the acquisition of plant facilities, a newly created electric utility issues revenue bonds that will be repaid solely from operations of the electric utility.
• D) To acquire needed plant facilities, a newly created electric utility enters into long-term lease agreements.

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Definitions:

Kruskal-Wallis Test

The Kruskal-Wallis Test is a nonparametric method for testing whether samples originate from the same distribution, used when the assumptions of the ANOVA are not met.

Parametric Counterpart

A statistical test or model that is based on assumptions about the parameters (e.g., mean, variance) of the population distribution from which the sample is drawn.

Nonparametric Test

A type of statistical test that does not assume a particular distribution for the data, often used when data do not meet the assumptions of parametric tests.

Independent Samples

Two or more groups of data that are collected from different populations or treatment conditions, with no overlapping members between groups.