Which of the following is true with respect to public four year higher

Which of the following is true with respect to public

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13.Which of the following is true with respect to public four-year higher education institutions (public colleges)?A)Revenue sources for public colleges include tuition and fees, state appropriations and donations. All other income is reported as unrelated business income.B)Many institutions have most of their restricted resources managed by related entities, known as foundations.C)No public colleges have the power to issue debt; it must be issued by the state as general obligationdebt.D)Public colleges may not choose to report as special-purpose entities engaged only in business-type activities.14.Which of the following is true regarding the financial statements for special-purpose entities? 15.Special purpose governments engaged only in fiduciary-type activities are required to prepare all of the following except:16.Which of the following is true regarding financial reporting of special-purpose entities? 17.Public colleges and universities may choose to report as: A)Special-purpose entities engaged in governmental and business-type entities. B)Special-purpose entities engaged in business-type activities only. C)Either (A) or (B) depending on the nature of their operations.D)Neither (A) nor (B). 18.Public colleges and universities that choose to report as special-purpose entities engaged only in business-3
Chapter 9 Accounting for Special-Purpose Entities, Including Public Colleges and Universitiestype activities would have which of the following financial statements?

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