Which of the Following Statements Is Required for Both a Private

question 57

Multiple Choice

Which of the following statements is required for both a private university and a governmentally owned public university engaged only in business-type activities?

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

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Facts

Information based on real occurrences or truths that are objective and verifiable.

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