Which of the following statements is required for both a private university and a governmentally owned public university engaged only in business-type activities?
A) Statement of cash flows.
B) Statement of net position.
C) Statement of activities.
D) Statement of revenues, expenses, and changes in net position.

Question

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The Answer of Which of the following statements is required for both a private university and a governmentally owned public university engaged only in business-type activities?
A) Statement of cash flows.
B) Statement of net position.
C) Statement of activities.
D) Statement of revenues, expenses, and changes in net position.

Which of the Following Statements Is Required for Both a Private