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A Private Not-For-Profit College or University Would Provide Which of the Following

Question 52

Multiple Choice

A private not-for-profit college or university would provide which of the following combinations of financial statements to their users?​


A) ​Statement of Activities; Statement of Financial Position; Statement of Cash Flows
B) ​Statement of Net Assets; Statement of Revenue, Expenses, and Change in Net Assets; Statement of Cash Flows
C) ​Statement of Activities; Statement of Financial Position; Statement of Cash Flows.
D) ​Statement of Net Assets; Statement of Functional Expenses; Statement of Cash Flows

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