Nongovernmental (Private)colleges and Universities Follow FASB Standards; Governmental (Public)colleges and Universities
Nongovernmental (private)colleges and universities follow FASB standards; governmental (public)colleges and universities should follow GASB standards.
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Q2: Public colleges and universities are considered general
Q3: A receipt of a $500,000 gift by
Q4: College summer school revenues of a public
Q5: The sale of bonds for construction of
Q6: Private colleges and universities must provide aggregated
Q9: Earnings on endowment investments may increase unrestricted
Q10: The cost of professors' salaries would normally
Q11: Revenues and expenses of both public and
Q14: A statement of cash flows is required
Q20: Public colleges and universities that use business-type
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