Private Colleges and Universities Are Required to Report Net Assets

question 2

True/False

Private colleges and universities are required to report net assets within the categories of unrestricted, temporarily restricted and permanently restricted.

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Definitions:

Mission Statement

A written declaration of an organization's core purpose and focus that normally remains unchanged over time.

Existence

The state or fact of being real, present, or alive.

Strategic Plans

Those plans that establish the long-range objectives and overall strategy or course of action by which a firm fulfills its mission.