Multiple Choice
Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college?
A) State appropriations and Pell Grants are reported as operating revenue
B) Revenues from residence halls, dining services and bookstores are reported as Auxiliary Enterprises - within operating revenue.
C) Expenses associated with central management, planning and administration are classified as Institutional Support
D) None of the above, these are all true.
Correct Answer:
Verified
Correct Answer:
Verified
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