Which of the Following Is True Regarding Accounting and Financial

question 72

Multiple Choice

Which of the following is true regarding accounting and financial reporting for private colleges and universities?

• A) Expenses may be unrestricted or temporarily restricted depending on donor intent.
• B) A Statement of Unrestricted Revenues, Expenses and Other Changes in Unrestricted Net Assets and a Statement of Changes in Net Assets may be presented instead of a Statement of Activities.
• C) The Statement of Cash Flows must use the direct method.
• D) None of the above is true.

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Definitions:

Gender Discrimination

Inequitable treatment or barriers faced by people based on their gender.

Real Domestic Output

The value of all goods and services produced within a country's borders in a given time period, adjusted for inflation.

Labor Force

The total number of people employed or actively seeking employment in a given economy.

High-Paying Occupations

Jobs that offer salaries significantly above the median income level for workers, often requiring specialized skills or education.