Public Colleges and Universities That Choose to Report as Special-Purpose

question 63

Multiple Choice

Public colleges and universities that choose to report as special-purpose entities engaged only in business-type activities would have which of the following financial statements?

• A) Statement of Net Assets, Statement of Activities.
• B) Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets.
• C) Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets, Statement of Cash Flows.
• D) None of the above.

---

Definitions:

Research Hypotheses

Statements made by researchers that propose a potential relationship between two or more variables.

Research Hypothesis

A specific, testable prediction about what you expect to happen in your study, often based on a theory or prior research.

Modality

The method or mode in which something exists or is experienced or expressed.

Interval Scale

A numerical scale where the order of values and the exact differences between them are known, but there is no true zero point.