Notre Dame University, a Private Institution, Has Level "A" GAAP

question 18

Multiple Choice

Notre Dame University, a private institution, has level "A" GAAP established by the:

• A) American Institute of Certified Public Accountants.
• B) Governmental Accounting Standards Board.
• C) National Association of College and University Business Officers.
• D) Financial Accounting Standards Board.

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Definitions:

Debt Ratio

The Debt Ratio is a financial metric that compares a company's total liabilities to its total assets, showing the proportion of a company's assets financed by debt.