With the adoption of GASB statement #35 in 1999, public colleges and universities are required to report their activities in a manner more like a(n):

Question

Quizplus · Accepted Answer

GASB statement #35 requires public colleges and universities to report their activities in a manner more like an enterprise fund, which is used for activities that primarily provide goods and services to external parties for a fee. This aligns with the fact that many public colleges and universities generate revenue through tuition and fees for their educational services.

With the Adoption of GASB Statement #35 in 1999, Public