Answer the Following Related to Accounting and Financial Reporting for Public

question 101

Essay

Answer the following related to accounting and financial reporting for public colleges and universities:
a.What choices exist for financial reporting by public colleges and universities,according to GASB Statement 35?
b.Indicate the contents required for a financial report for those public colleges and universities that choose to report as special-purpose entities engaged only in business-type activities.

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Definitions:

Negative Reinforcement

A response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Extinction

In behavioral psychology, the process through which a conditioned response is weakened by presenting the conditioned stimulus without the unconditioned stimulus, eventually leading to the response diminishing or disappearing.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, influencing the likelihood of that behavior being repeated.

Classical Conditioning

A method of learning that happens by linking an outside stimulus with one that naturally occurs.