With respect to public colleges and universities, state appropriations for operating purposes are shown as:
A) Nonoperating revenue.
B) Operating revenue.
C) Nonexpendable endowments.
D) None of the above.

Question

Quizplus · Accepted Answer

State appropriations are reported as nonoperating revenue in the Statement of Revenues, Expenses, and Changes in Net Position for a public institution.

With Respect to Public Colleges and Universities, State Appropriations for Operating