Which of the following is a required statement for a private college?
A) Statement of Changes in Fund Balance.
B) Statement of Revenues and Expenditures.
C) Budgetary Comparison Statement.
D) None of the above is a required statement.

Question

Quizplus · Accepted Answer

The required statements for a private, not-for-profit college or university are: Statement of Financial Position/Balance Sheet, Income Statement, Statement of Activities, Statement of Cash flows and notes to the financial statements.

Which of the Following Is a Required Statement for a Private