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Exhibit 12-1
When individuals in a sample of 150 were asked whether or not they supported capital punishment, the following information was obtained. We are interested in determining whether or not the opinions of the individuals (as to Yes, No, and No Opinion) are uniformly distributed.
-Refer to Exhibit 12-1. The expected frequency for each group is
GASB Concepts Statement No. 1
A framework provided by the Governmental Accounting Standards Board outlining objectives and concepts for general purpose external financial reporting by state and local governments.
Fund Balance Categories
Classification of fund balances in governmental accounting that indicates the extent to which spendable resources are subject to external restrictions or are designated for specific purposes.
GASB
The Governmental Accounting Standards Board, which establishes accounting standards for state and local governments in the United States.
Monetary Transfers
Financial transactions that involve the movement of money from one party to another, which can be domestic or international in nature.
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