With Respect to Public Colleges Engaged in Business-Type Activities,which of the Following

question 77

Multiple Choice

With respect to public colleges engaged in business-type activities,which of the following is not correct?

• A) GASB requirements for business-type activities of public colleges requires accrual account for debt, include accrual of interest and amortization of debt discount and premium.
• B) Most public college foundations are required to be reported as discretely presented component units in the college's financial report.
• C) Only amounts that are to paid by students and third-party payers can be shown as tuition and fee revenue net of any scholarship discounts and allowances.
• D) All of the above are correct

---

Definitions:

Main Plant

The primary facility where a company's production activities are concentrated or where its main products are manufactured.

Sustainability

The practice of meeting current needs without compromising the ability of future generations to meet their own needs, often focusing on economic, environmental, and social balance.

Willingness To Pay

The maximum price at which a consumer is prepared to buy a good or service.

Supply Chain Sustainability

The management of environmental, social, and economic impacts within the supply chain, looking to improve overall sustainability.