
A statement of cash flows is required by GAAP for both private colleges and universities and public colleges and universities engaged in business-type activities.
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Q9: Under GASB standards, public colleges and universities
Q10: Term endowments are donor restricted resources whose
Q11: A private university following the recommendations of
Q12: Both public and private universities report an
Q13: Loan assets represent loans made by a
Q15: A private college would record a federal
Q16: Tuition refunds are recorded by debiting Tuition
Q17: Contributions with no eligibility requirement restricted by
Q18: The organizational form of a college can
Q19: Nongovernmental (private) colleges and universities should follow
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