Question
Depending upon the circumstances, in practice public colleges and report as special purpose entities engaged in: business-type activities only both governmental and business-type activities. governmental
Depending upon the circumstances, in practice public colleges and report as special purpose entities engaged in:
business-type activities only | ||
both governmental and business-type activities. | ||
governmental activities only. | ||
all of the above. |
Assume a government is determined to be a special-purpose government engaged in business-type activities only. Which of the following financial statements would be required?
Balance Sheet, Statement of Revenues, Expenditures, and Changes in fund Balances. | ||
Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets, Statement of Cash Flows. | ||
Statement of Net Assets, Statement of Activities, Statement of Cash Flows | ||
Statement of Net Assets and Statement of Activities |
Which of the following accounts can be most probably be negative?
Unrestricted net assets | ||
Temporarily restricted net assets. | ||
Permanently restricted net assets | ||
Cash |
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