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Which of the following is true with regard to reporting by colleges? A). Private colleges record time restricted pledges as revenue while public colleges wait
Which of the following is true with regard to reporting by colleges? A). Private colleges record time restricted pledges as revenue while public colleges wait until the cash is received. B). Public colleges treat receipt of Pell grants as non-operating revenue while private colleges record the receipt as liabilities. C). Both A and B D). None of the above
A). Private colleges record time restricted pledges as revenue while public colleges wait until the cash is received.
B). Public colleges treat receipt of Pell grants as non-operating revenue while private colleges record the receipt as liabilities.
C). Both A and B
D). None of the above
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