Which of the Following Statements Is (Are)true Regarding Public Colleges

Multiple Choice

Which of the following statements is (are) true regarding public colleges and universities choosing to report as special-purpose entities engaged in business-type activities only?

A) Endowments would be reported in the Statement of Net Position as Net Position Restricted-Nonexpendable.
B) Capital appropriations from state governments are shown, in the Statement of Revenues, Expenses, and Changes in Net Position, as a category separate from revenues.
C) Both of the above.
D) Neither of the above.