1. For purposes of external reporting, which generally accepted accounting principles are applicable to private colleges and universities? Examples would be FASB, GASB, and/or other accounting.

2. For purposes of external reporting, which accounting principles are applicable to public (governmental) colleges or university? Examples would be FASB, GASB, and/or other accounting.

3. Where and how should public (governmental) colleges or universities report state appropriations? Explain what state appropriations are.

4. Dorian College, a not-for-profit institution, issued $20,000,000 in revenue bonds. Per the terms of the bond indenture, the college must maintain a cash reserve of $800,000 which is equal to six months of interest. How should the cash that is set aside be classified?