Higher education institutions that report as engaged in business-type activities only should report the same residual equity classifications Net investment in capital assets, restricted, unrestricted as are reported in the government-wide statement of Net Position.

Question

Quizplus · Accepted Answer

Public colleges and universities report the same residual equity classifications as are reported in the government-wide statement of Net Position. The categories are Net investment in capital assets, Restricted and Unrestricted.

Higher Education Institutions That Report as Engaged in Business-Type Activities