State educational appropriations received by a public university are classified as which of the following on the statement of revenues, expenses, and changes in net position?
A) Nonoperating revenue.
B) Operating revenue.
C) Other financing source.
D) Increase in unrestricted net position.

Question

Quizplus · Accepted Answer

State educational appropriations are classified as nonoperating revenue on the statement of revenues, expenses, and changes in net position for a public university. This is because these funds are not generated by the core activities (such as teaching and research) that define the university's operations.

State Educational Appropriations Received by a Public University Are Classified