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.