The Three Classes of Net Assets Required to Be Presented

question 72

Multiple Choice

The three classes of net assets required to be presented by a private college or university are:

• A) Permanently Restricted, Temporarily Restricted, and Unrestricted.
• B) Reserved, Unreserved, and Undesignated.
• C) Invested in Capital Assets net of Related Debt, Restricted, and Unrestricted.
• D) Educational and General, and Auxiliary Enterprises

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Definitions:

Discrimination

Unfair treatment or prejudice against individuals or groups based on characteristics such as race, gender, or age.

Wage Rates

The standard amount of compensation an employee receives from an employer in exchange for performing a specific task or job, usually expressed per hour or year.

Labor Markets

A market in which individuals seek employment and employers seek workers.

Human Capital

Human capital refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.