The equity section of the balance sheet for investor-owned colleges and universities includes which of the following designations?
A) Unrestricted Net Assets, Temporarily Restricted Net Assets, and Permanently Restricted Net Assets.
B) Paid in Capital and Retained Earnings.
C) Net Investment in Capital Assets, net of related Debt; Restricted Net position; and Unrestricted Net position.
D) None of the above.

Question

Quizplus · Accepted Answer

Investor-owned colleges and universities follow FASB standards for commercial organizations. The equity section would consist of paid in capital and retained earnings.

The Equity Section of the Balance Sheet for Investor-Owned Colleges