During the Fiscal Year Ended June 30,20X9,an Enterprise Fund of St.Cloud

question 3

Multiple Choice

During the fiscal year ended June 30,20X9,an enterprise fund of St.Cloud acquired computer equipment costing $110,000 on account and issued $400,000 of long-term bonds.Revenues of the enterprise fund will be used to repay bond interest and principal.What effect did these transactions have on St.Cloud's enterprise fund assets and long-term debt?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Standard Deviation

A way to quantify how much spread or differentiation exists in a dataset.

Shopping Outlet

A retail store or distribution channel through which products are sold to consumers.

Hexatriene

An organic compound containing six carbon atoms connected by a linear chain of alternating single and double bonds.

Wavelength

The distance between successive crests of a wave, typically used in the context of electromagnetic radiation.