Which Financial Statements Are Required for Government Colleges and Universities

question 11

Multiple Choice

Which financial statements are required for government colleges and universities engaged only in business-type activities?

• A) Statement of net position; statement of revenues, expenditures, and other changes; and statement of cash flows.
• B) Statement of net position; statement of revenues, expenses, and changes in net position; and statement of cash flows.
• C) Statement of net position; statement of revenues, expenses, and changes in net position; and statement of changes in net position.
• D) Statement of net position; statement of activities; and statement of cash flows.

---

Definitions:

Segregation

The enforced separation of different racial or ethnic groups, particularly evident in laws and practices regarding schools, public transportation, and other public facilities.

Republican Nomination

The process by which the Republican Party in the United States selects its candidate for an elected office, particularly for the presidency.

Law And Order

A term often used to refer to a strict adherence to and enforcement of the legal code, as well as the prioritization of reducing crime and enforcing societal norms for safety and stability.

Immigration Reform Act

Legislation intended to change or reform policies regarding immigrants and immigration procedures.