Which of the Following Is not True Regarding the Statement

question 42

Multiple Choice

Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college?

• A) Revenues are required to be presented in the categories of Permanently Restricted, Temporarily Restricted and Unrestricted, while all expenses are classified as Unrestricted.
• B) Tuition fees waived by the institution in return for services provided by employees and student assistants are shown as expenses.
• C) Interest expense is accrued and bond premiums and discounts are amortized.
• D) None of the above.

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Definitions:

Dividend Revenue

Dividend revenue is income received from owning shares in a company that pays dividends.

Long-Term Investment

Investments in securities or other assets that a company intends to hold for a period exceeding one year to earn revenue or influence business operations.

Unrealized Loss

A decrease in the value of an investment that has not yet been sold for cash.

Trading Investments

Assets that a company holds primarily for the purpose of selling them in the near term to generate income.