Notes to the Financial Statements of a State or Local

question 32

True/False

Notes to the financial statements of a state or local government should include a schedule, or summary, of debt service requirements (principal and interest payments) of debt outstanding on the balance sheet date.

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Definitions:

Critical Region

The set of values for which the null hypothesis is rejected in a statistical test.

Null Hypothesis

A default assumption in statistical hypothesis testing that there is no effect or no difference, used as a basis for testing statistical significance.

Test Statistic

A statistic calculated from sample data, used to determine the p-value in hypothesis testing.

Degrees Of Freedom

The number of independent values or quantities that can vary in the calculation of a statistic.