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    Essentials of Accounting Study Set 3
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    Exam 11: College and University Accounting
  5. Question
    Private Universities Follow the Authoritative Standards of _____ and Use
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Private Universities Follow the Authoritative Standards of _____ and Use

Question 18

Question 18

Multiple Choice

Private universities follow the authoritative standards of _____ and use the _____ basis of accounting.


A) FASB, Accrual.
B) FASB, Modified-accrual.
C) GASB, Accrual.
D) GASB, Modified-accrual.

Correct Answer:

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