Which of the Following Statements Is (Are)true Regarding Public Colleges

question 103

Multiple Choice

Which of the following statements is (are) true regarding public colleges and universities choosing to report as special-purpose entities engaged in business-type activities only?

• A) Endowments would be reported in the Statement of Net Position as Net Position Restricted-Nonexpendable.
• B) Capital appropriations from state governments are shown, in the Statement of Revenues, Expenses, and Changes in Net Position, as a category separate from revenues.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Microsporidia

Intracellular parasites composed of very small unicellular fungi, known to cause disease in animals and humans.

Ascomycota

A phylum of fungi characterized by the formation of spores in a structure known as an ascus.

Basidiomycota

A group of fungi distinguished by their spore production on basidia.

Flagellated Cells

Cells that possess one or more whip-like structures called flagella, used for movement or sensing the environment.