To Compute the Net Debt Per Capita, a User of Financial

question 159

Multiple Choice

To compute the net debt per capita, a user of financial statements would need to look at in the CAFR:

• A) The government-wide Statement of Net Position and the population from the statistical section.
• B) The debt and the amount available to pay that debt in the governmental funds Balance Sheet, and the population from the statistical section.
• C) The debt in the governmental funds Balance Sheet, the amount available in the government-wide Statement of Net Position, and the population from the statistical section.
• D) The debt in the government-wide Statement of Net Position, the amount available to pay that debt in the governmental funds Balance Sheet, and the population from the statistical section.

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Definitions:

Expected Value

A calculated average of all possible values for a random variable, reflecting the expected level of gain or loss over time for a given situation or set of outcomes.

Perfect Information

Perfect information is a situation in which all participants in a transaction have complete and identical knowledge about all aspects of the transaction, leaving no room for uncertainty.