Which of the Following Funds Should Use the Accrual Basis

question 10

Multiple Choice

Which of the following funds should use the accrual basis of accounting?

• A)Enterprise and private-purpose trust funds.
• B)Permanent funds and internal service funds.
• C)Debt service and agency funds.
• D)Special revenue and capital projects funds.

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Definitions:

Confidence Level

The likelihood that a confidence interval encompasses the actual population parameter.

Sample Size

The number of observations or specimens collected for the purpose of statistical analysis.

Population Mean

The average value of a characteristic in a population, representing a parametric measure of central tendency.

Population Standard Deviation

A statistical measure indicating the spread or variability among values in a total population.