Which of the following types of college/university would have these components of the Financial Report? • Statement of Financial Position/ Balance Sheet.
• Statement of Activities.
• Statement of Cash Flows.
• Notes to the Financial Statements.

Question

Quizplus · Accepted Answer

The components listed are typically included in the financial report of private not-for-profit colleges/universities. Investor owned institutions are typically for-profit and would have a different financial report. Public universities also have a unique financial reporting system, which includes state funding and public accountability measures.

Which of the Following Types of College/university Would Have These