Higher education institutions that report as special purpose entities engaged in business-type activities only should report the same net asset classifications (Net investment in capital assets,restricted,unrestricted)as are reported in the government-wide statement of Net Position.

Question

Quizplus · Accepted Answer

Special purpose entities engaged in business-type activities should follow the same net asset classifications as those reported in the government-wide statement of Net Position, which are Net investment in capital assets, restricted, and unrestricted.

Higher Education Institutions That Report as Special Purpose Entities Engaged