Which of the Following Is True of a Statement of Activities

question 122

Multiple Choice

Which of the following is true of a Statement of Activities prepared for a private college or university?

• A) All expenses are shown as unrestricted.
• B) Reclassifications from unrestricted to permanently restricted net assets are reported when the governing board designates unrestricted funds for permanent investment in the endowment.
• C) Only realized gains or losses on investments are reported.
• D) All of the above are true.

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Definitions:

Data Collection

The process of gathering and measuring information on targeted variables in an established systematic fashion, which then enables one to answer relevant questions and evaluate outcomes.

Listening to Music

The act of experiencing and perceiving sound arranged in a temporal pattern, often eliciting emotional, cognitive, and physical responses.

Study Retention

The ability to maintain and utilize knowledge or skills acquired over time, often a measure of effective learning strategies.

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effect on the dependent variable.