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32.) Which of the following accurately describes the unique issue faced by private, nonprofit colleges and universities in reporting their expenses? a. Private, nonprofit colleges

32.) Which of the following accurately describes the unique issue faced by private, nonprofit colleges and universities in reporting their expenses?

a. Private, nonprofit colleges and universities must separately identify fringe benefits associated with employee compensation which has to be manually extracted from the general ledger

b. Private, nonprofit colleges and universities must report a functional expense matrix which does not generally align with the NACUBO functional expense classification

c. There are no unique issues faced by private, nonprofit colleges and universities in reporting their expenses.

d. Private, nonprofit colleges and universities must report expenses by geographic location which may present challenges if there are multiple campuses.

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