For a public C&U that presents a statement of revenues, expenses, and changes in net assets, interest on capital asset-related debt is reported in the nonoperating revenues and expenses section.

Question

Quizplus · Accepted Answer

Interest on capital asset-related debt is considered non-operating because it does not directly relate to the primary mission of the institution (such as education for a university), and thus, it is reported in the nonoperating revenues and expenses section of the financial statements.

For a Public C&U That Presents a Statement of Revenues