_____ For a public C&U engaged in business-type activities, where is interest on capital-related debt reported in the statement of revenues, expenses, and changes in net assets?
A) In the revenues section.
B) In the nonoperating revenues (expenses) section.
C) After the nonoperating revenues (expenses) section.
D) Preceding the nonoperating revenues (expenses) section.
E) Reported only in the cash flow statement.

Question

_____	For a public C&U engaged in business-type activities, where is interest on capital-related debt reported in the statement of revenues, expenses, and changes in net assets?
A) In the revenues section.
B) In the nonoperating revenues (expenses) section.
C) After the nonoperating revenues (expenses) section.
D) Preceding the nonoperating revenues (expenses) section.
E) Reported only in the cash flow statement.

Quizplus · Accepted Answer

Interest on capital-related debt for a public college or university (C&U) engaged in business-type activities is reported in the nonoperating revenues (expenses) section of the statement of revenues, expenses, and changes in net assets. This is because such interest expenses are not considered part of the operating activities of the institution.

_____ for a Public C&U Engaged in Business-Type Activities, Where Is