Public Colleges and Universities That Choose to Report as Special-Purpose

question 57

Multiple Choice

Public colleges and universities that choose to report as special-purpose entities engaged only in business-type activities would have which of the following financial statements?

• A) Statement of Net Assets, Statement of Activities
• B) Statement of Net Assets, Statement of Revenues, Expenses and Changes in Net Asset.
• C) Statement of Net Assets, Statement of Revenues, Expenses and Changes in Net Assets, Statement of Cash Flows
• D) None of the above

---

Definitions:

Densely Populated

An area characterized by a high concentration of people living in a given spatial or geographical unit.

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Decline In Status

A decrease in the social, economic, or professional position or standing of an individual or group.