Which of the Following Would Not Be Correct with Respect

question 106

Multiple Choice

Which of the following would not be correct with respect to accounting for colleges and universities under the jurisdiction of the FASB?

• A) If both unrestricted and restricted resources are available for a restricted purpose, the FASB requires that the institution recognize the use of unrestricted resources first
• B) Accrual accounting is used. Revenues and expenses are reported at gross amounts and gains and losses are reported net.
• C) Expenses are reported by function, either in the statements or in the notes
• D) If an institution decides not to capitalize museum and other inexhaustible collections, note disclosures are required regarding the collections

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Definitions:

Social Constructionism

The theory that argues many aspects of the social world are created through collective human agreement and that our understanding of reality is shaped through social interactions.

Gender Ideologies

Systems of beliefs and values that define and justify the roles, rights, and responsibilities of individuals based on their gender.

Evolutionary Psychology

An approach in both the social and natural sciences that looks at psychological structures through the lens of contemporary evolutionary theory.

Gender Inequality

The disparity in status, opportunities, and treatment between people based on their gender, often favoring men over women in various aspects of society.