Multiple Choice
Private colleges are required to report net assets in the following categories:
A) Unrestricted and restricted
B) Temporarily restricted , donor restricted and unrestricted
C) Unrestricted, temporarily restricted and board designated
D) Restricted, unrestricted and temporarily restricted
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Plant acquired by a private college with
Q82: The FASB has the authority to set
Q87: Private colleges and universities are required to
Q88: A Charitable lead trust is a split-interest
Q90: When a private college or university has
Q91: Record the following transactions on the books
Q92: Only not-for-profit organizations follow FASB guidelines AND
Q93: An alum commits to pledging $10,000 to
Q94: College and universities treat uncollectible accounts as
Q100: Private colleges and universities use the same