Which of the Following Is Not a Classification of Revenues

question 27

Multiple Choice

Which of the following is not a classification of revenues for a college or university as recommended by the National Association of College and University Business Officers (NACUBO) ?

• A) Sporting events.
• B) State appropriations.
• C) Investment income.
• D) Contributions.

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Definitions:

Last Dividend

The most recent distribution of profits made by a corporation to its shareholders.

Indefinitely

For an unlimited or unspecified period of time, lacking a definite end.

Recently Declared

Refers to a statement, dividend, or decision that has been announced or made public by a company or governing body in the near past.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, typically with fixed dividends.