A Private, Not-For-Profit University Should Prepare Which of the Following

question 84

Multiple Choice

A private, not-for-profit university should prepare which of the following financial statements?
I. statement of financial position.
II. statement of activities.
III. statement of changes in fund balances.
IV. statement of cash flows.
V. statement of changes in financial position.

• A) I, II, and III.
• B) II, III, and IV.
• C) I, II, and IV.
• D) II, III, and V.