With Respect to Public Colleges Engaged in Business-Type Activities,which of the Following

Multiple Choice

With respect to public colleges engaged in business-type activities,which of the following is not correct?

A) GASB requirements for business-type activities of public colleges requires accrual account for debt, include accrual of interest and amortization of debt discount and premium.
B) Most public college foundations are required to be reported as discretely presented component units in the college's financial report.
C) Only amounts that are to paid by students and third-party payers can be shown as tuition and fee revenue net of any scholarship discounts and allowances.
D) All of the above are correct