In addition to a Statement of Financial Position and a Statement of Activities,a private college or university is required to present:
A) A Statement of Functional Expense.
B) A Statement of Cash Flows.
C) Both (a) and (c).
D) Neither (a) nor (c).

Question

Quizplus · Accepted Answer

A private college or university is required to present a Statement of Cash Flows in addition to a Statement of Financial Position and a Statement of Activities.

In Addition to a Statement of Financial Position and a Statement