There is consistency in the classification of operating and non-operating activities on the statement of activities of not-for-profit colleges and university.

Question

Quizplus · Accepted Answer

The classification of operating and non-operating activities on the statement of activities for not-for-profit colleges and universities can vary significantly due to differences in accounting policies and interpretations of what constitutes operating versus non-operating activities. This can lead to inconsistencies in how these activities are reported across different institutions.

There Is Consistency in the Classification of Operating and Non-Operating