The financial statements of a public college or university are most like what part of a general-purpose government's financial reports?

a. Government-wide financial statements

b. Fiduciary funds' financial statements

c. Proprietary funds' financial statements

d. Government funds' financial statements

The receipt of an unconditional promise to give would result in which of the following in a private, nonprofit university's financial statements?

Select one:

a. None of these

b. Increase in assets; increase in liabilities

c. Increase in assets; increase in revenues

d. Decrease in liabilities; increase in revenues