For public governmental universities, the fixed assets for bookstore operations would be considered net assets: Select one: O a. Restricted, expendable for capital projects. Ob. Unrestricted O c. Restricted, expendable for debt service. O d. Invested in capital assets, net of related debt. Which financial statements are required by the FASB for private colleges and universities? Select one: O a. Statement of Revenues, Expenditures, and Changes in Fund Balance; Statement of Activities; and Statement of Cash Flows. O b. Statement of Financial Position; Statement of Current Funds Revenues, Expenditures, and Other Changes; and Statement of Changes in Fund Balances O c. Statement of Financial Position; Statement of Changes in Fund Balances; and Statement of Cash Flows O d. Statement of Financial Position; Statement of Activities; and Statement of Cash Flows When tuition for a public governmental college or university is assessed for a semester that covers more than one fiscal year: Select one: O a. Revenue should be recognized in the fiscal year in which the semester is predominantly conducted. O b. Revenue should be recognized in the fiscal year in which the revenue is collected. O c. Revenue should be recognized in the fiscal year in which the revenue is assessed. For public governmental universities, the fixed assets for bookstore operations would be considered net assets: Select one: O a. Restricted, expendable for capital projects. Ob. Unrestricted O c. Restricted, expendable for debt service. O d. Invested in capital assets, net of related debt. Which financial statements are required by the FASB for private colleges and universities? Select one: O a. Statement of Revenues, Expenditures, and Changes in Fund Balance; Statement of Activities; and Statement of Cash Flows. O b. Statement of Financial Position; Statement of Current Funds Revenues, Expenditures, and Other Changes; and Statement of Changes in Fund Balances O c. Statement of Financial Position; Statement of Changes in Fund Balances; and Statement of Cash Flows O d. Statement of Financial Position; Statement of Activities; and Statement of Cash Flows When tuition for a public governmental college or university is assessed for a semester that covers more than one fiscal year: Select one: O a. Revenue should be recognized in the fiscal year in which the semester is predominantly conducted. O b. Revenue should be recognized in the fiscal year in which the revenue is collected. O c. Revenue should be recognized in the fiscal year in which the revenue is assessed