The National Association of College and University Business Officers (NACUBO)

question 15

True/False

The National Association of College and University Business Officers (NACUBO) provides second-tier GAAP for private colleges and universities.

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Definitions:

Par Value

The nominal or face value of a stock or bond, as stated by the issuing company.

Dividends Received

Earnings distributed to shareholders from the investments in other companies.

Par Value

The nominal or face value of a stock or bond as stated by the issuer.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.